Page 388 - Large Business IRS Training Guides
P. 388
GILTI and FDII
Side-by-Side (cont’d) 3
GILTI FDII
Determination of adjusted bases Same
for QBAI
purposes is done on a
line basis (ratably for each
straight
day of the year)
relevant
Foreign Tax Foreign Tax Credits
@ 100%
Credits @80% and
an inclusion percentage.
limited by
FTC is in a separate basket
GILTI
with no
carryovers or carrybacks of
excess FTC.
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