Page 795 - Large Business IRS Training Guides
P. 795
Form 1040 Reporting for
2017
1040.
• Section 965 components are reported on Form
• Section 965 components are reported on IRC 965
Transition Tax
Statement.
• Net section 965 inclusion included on Form
1040, line 21.
were instructed to write “SEC 965” on the dotted
• Taxpayers
line to the left of line 21.
inclusion and section 965(c)
• Report section 965(a)
1116, unless section 962
deduction on Part I of Form
election is made, in which case they’re reported on Form
1118.
117
