Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Foreign Tax Credit and Completing Form 1116

Completing Form 1116

Topic Overview

This topic teaches you how to complete the four parts of Form 1116:

  • Part I — Compute the Puerto Rico and foreign taxable income
  • Part II — Report Puerto Rico taxes, paid or accrued
  • Part III — Compute the credit allowable
  • Part IV — Summary of the credit

Click here to view Form 1116, Foreign Tax Credit (Individual, Estate, or Trust).