Page 89 - Large Business IRS Training Guides
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Old vs. New IRC § 163(j) 2
Old IRC § 163(j) New IRC § 163(j)
• Form 8926, Disqualified • Form 8990, Limitation on
Corporate Interest Expense Business Interest Expense
Disallowed Under IRC § Under IRC § 163(j).
163(j) and Related • Disallowed business interest
Information. carries forward to the next
• Interest disallowed was year.
generally carried over. • Interest disallowed under the
• Excess limitation amount old law is interest expense in
carried forward to next year the current year subject to the
new limitation.
• Excess limitation does not
carry forward to next year
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