Page 796 - Large Business IRS Training Guides

Form 1040 Reporting for
2017 (cont’d) 1

election
Section 965(h)

• If a section 965(h) election is made, the entire section

965 net
tax liability is included on line 63 (total tax)

liability to be paid in
• The section 965 net tax
under section 965(h) for years beyond the
installments

1040, line 73;
2017 taxable year is included on Form

were instructed to check box “d,” and
• Taxpayers
write TAX
to the right of the box.

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