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Form 1120-S (Schedule K-3) — Shareholder's Share of Income, Deductions, Credits, etc. - International

Federal housing law as enacted — verbatim and citable.

Edition
2026-10-03
Last updated
2026-10-04
Jurisdiction
United States
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Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f1120sk3.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

Schedule K-3 (Form 1120-S)

Shareholder’s Share of Income, Deductions, Credits, etc.— International

Department of the Treasury For calendar year 2025, or tax year beginning / / 2025, ending / / Internal Revenue Service See separate instructions.

OMB No. 1545-0123

Exceptions & meaning →

2025

Information About the Corporation

A Corporation’s employer identification number (EIN)

B Corporation’s name, address, city, state, and ZIP code

Information About the Shareholder

C Shareholder’s identifying number

D Shareholder’s name, address, city, state, and ZIP code

E Check to indicate the parts of Schedule K-3 that apply. Yes No

1 Does Part I apply? If “Yes,” complete and attach Part I . . . . . . . . . . . . . . . . . . . 1 2 Does Part II apply? If “Yes,” complete and attach Part II . . . . . . . . . . . . . . . . . . 2 3 Does Part III apply? If “Yes,” complete and attach Part III . . . . . . . . . . . . . . . . . . 3 4 Does Part IV apply? If “Yes,” complete and attach Part IV . . . . . . . . . . . . . . . . . . 4 5 Does Part V apply? If “Yes,” complete and attach Part V . . . . . . . . . . . . . . . . . . 5 6 Does Part VI apply? If “Yes,” complete and attach Part VI . . . . . . . . . . . . . . . . . . 6 7 Does Part VII apply? If “Yes,” complete and attach Part VII . . . . . . . . . . . . . . . . . 7

F Check if applicable. Amended K-3

For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S.

www.irs.gov/Form1120S Cat. No. 74747C Schedule K-3 (Form 1120-S) 2025 Created 3/28/25

Schedule K-3 (Form 1120-S) 2025 Page 2

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part I Shareholder’s Share of Corporation’s Other Current Year International Information

Check box(es) for additional specified attachments. See instructions.

  1. Gain on personal property sale

  2. Foreign oil and gas taxes

  3. Splitter arrangements

  4. Foreign tax translation

  5. High-taxed income

  6. Section 267A disallowed deduction

  7. Form 8858 information

  8. Form 5471 information

  9. Other forms

  10. Shareholder loan transactions

  11. Entity treatment for certain S corporations

  12. Form 8865 information

  13. Other international items (attach description and statement)

Part II Foreign Tax Credit Limitation

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 3

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part II Foreign Tax Credit Limitation (continued) Section 1—Gross Income (continued)

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 4

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part II Foreign Tax Credit Limitation (continued)

Section 1—Gross Income (continue ed)
Description
 **(a)**U.S. source
 Foreign Source Foreign Source Foreign Source Foreign Source **(f)**Sourced by
shareholder
 **(g)**Total
Description
 **(a)**U.S. source
 **(b)**Foreign branch
category income		 **(c)**Passive
category income		 **(d)**General
category income		 (e) Other
(category code )		 (e) Other
(category code )		 (e) Other
(category code )
16
Section 986(c) gain .
.
.
.
.
.
17
Section 987 gain .
.
.
.
.
.
.
18
Section 988 gain .
.
.
.
.
.
.
19
Section 951(a) inclusions
A
B
C
19
Section 951(a) inclusions
A
B
C
19
Section 951(a) inclusions
A
B
C
20
Other income (see instructions)
A
B
C
20
Other income (see instructions)
A
B
C
20
Other income (see instructions)
A
B
C
21
Section
951A(a)
inclusions
(see
instructions) .
.
.
.
.
.
.
.
22
Reserved for future use
A
B
C
22
Reserved for future use
A
B
C
22
Reserved for future use
A
B
C
23
Reserved for future use
A
B
C
23
Reserved for future use
A
B
C
23
Reserved for future use
A
B
C
24

Total gross income (combine lines 1
through 23)
.
.
.
.
.
.
.
.
A
B
C
24

Total gross income (combine lines 1
through 23)
.
.
.
.
.
.
.
.
A
B
C
24

Total gross income (combine lines 1
through 23)
.
.
.
.
.
.
.
.
A
B
C
24

Total gross income (combine lines 1
through 23)
.
.
.
.
.
.
.
.
A
B
C

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 5

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part II Foreign Tax Credit Limitation (continued) Section 2—Deductions

Description (a) U.S. source Foreign Source (f) Sourced by
shareh o l der		 (g) Total
Description
 **(a)**U.S. source
 **(b)**Foreign branch
category income		 **(c)**Passive
category income		 **(d)**General
category income		 (e) Other
(category code )		 (e) Other
(category code )		 (e) Other
(category code )
25
Expenses allocable to sales income .
26
Expenses allocable to gross income
from performance of services .
.
.
27
Net short-term capital loss .
.
.
.
28
Net long-term capital loss .
.
.
.
29
Collectibles loss .
.
.
.
.
.
.
30
Net section 1231 loss
.
.
.
.
.
31
Other losses .
.
.
.
.
.
.
.
32
Research & experimental (R&E) expenses
A
SIC code:
B
SIC code:
C
SIC code:
32
Research & experimental (R&E) expenses
A
SIC code:
B
SIC code:
C
SIC code:
32
Research & experimental (R&E) expenses
A
SIC code:
B
SIC code:
C
SIC code:
33
Allocable rental expenses—
depreciation, depletion, and amortization
34
Allocable rental expenses—other than
depreciation, depletion, and amortization
35

Allocable royalty and licensing
expenses—depreciation, depletion,
and amortization .
.
.
.
.
.
.
36

Allocable royalty and licensing
expenses—other than depreciation,
depletion, and amortization
.
.
.
37
Depreciation not included on line 33
or line 35 .
.
.
.
.
.
.
.
.
38
Charitable contributions
.
.
.
.
39
Interest expense specifically allocable
under Regulations section 1.861-10(e)
40

Other interest expense specifically
allocable under Regulations section
1.861-10T
.
.
.
.
.
.
.
.
41
Other interest expense—business
.
42
Other interest expense—investment .
43
Other interest expense—passive activity
44
Section 59(e)(2) expenditures,
excluding R&E expenses on line 32
.
45
Foreign taxes not creditable but
deductible
.
.
.
.
.
.
.
.

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 6

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part II Foreign Tax Credit Limitation (continued)

Foreign Source

Description (a) U.S. source

1 Gross receipts by SIC code A SIC code: B SIC code: C SIC code: D SIC code: E SIC code: F SIC code:

(b) Foreign branch (c) Passive category (d) General category (g) Total

(category code ) shareholder

(c) Passive category

(d) General category

(e) Other (category code ) (country code )

(f) Sourced by

category income

income

income

2 Exclusive apportionment with respect to total R&E expenses entered on Part II, line 32. A R&E expense with respect to activity performed in the United States

(i) SIC code: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2A(i) (ii) SIC code: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2A(ii) (iii) SIC code: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2A(iii) B R&E expense with respect to activity performed outside the United States

(i) SIC code: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2B(i) (ii) SIC code: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2B(ii) (iii) SIC code: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2B(iii)

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 7

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part III Other Information for Preparation of Form 1116 (continued) Section 2—Interest Expense Apportionment Factors

Description (a) U.S. source Foreign Source (f) Sourced by
shareholder		 (g) Total
Description
 **(a)**U.S. source
 **(b)**Foreign branch
category income		 **(c)**Passive category
income		 **(d)**General category
income		 (e) Other
(category code
)
(country code
)		 (e) Other
(category code
)
(country code
)		 (e) Other
(category code
)
(country code
)
1
Total average value of assets .
.
.
2
Reserved for future use .
.
.
.
.
**3 **

Assets attracting directly allocable
interest expense under Regulations
section 1.861-10(e) .
.
.
.
.
.
**4 **

Other assets attracting directly
allocable interest expense under
Regulations section 1.861-10T
.
.
**5 **
Assets excluded from apportionment
formula
.
.
.
.
.
.
.
.
.
6a

Total assets used for apportionment
(subtract the sum of lines 3, 4, and 5
from the sum of lines 1 and 2) .
.
.
**b **Assets attracting business interest
expense .
.
.
.
.
.
.
.
.
**c **Assets attracting investment interest
expense .
.
.
.
.
.
.
.
.
**d **Assets attracting passive activity
interest expense .
.
.
.
.
.
.
6a

Total assets used for apportionment
(subtract the sum of lines 3, 4, and 5
from the sum of lines 1 and 2) .
.
.
**b **Assets attracting business interest
expense .
.
.
.
.
.
.
.
.
**c **Assets attracting investment interest
expense .
.
.
.
.
.
.
.
.
**d **Assets attracting passive activity
interest expense .
.
.
.
.
.
.
6a

Total assets used for apportionment
(subtract the sum of lines 3, 4, and 5
from the sum of lines 1 and 2) .
.
.
**b **Assets attracting business interest
expense .
.
.
.
.
.
.
.
.
**c **Assets attracting investment interest
expense .
.
.
.
.
.
.
.
.
**d **Assets attracting passive activity
interest expense .
.
.
.
.
.
.
6a

Total assets used for apportionment
(subtract the sum of lines 3, 4, and 5
from the sum of lines 1 and 2) .
.
.
**b **Assets attracting business interest
expense .
.
.
.
.
.
.
.
.
**c **Assets attracting investment interest
expense .
.
.
.
.
.
.
.
.
**d **Assets attracting passive activity
interest expense .
.
.
.
.
.
.
**7 **

Basis in stock of 10%-owned
noncontrolled foreign corporations
(see attachment) .
.
.
.
.
.
.
8
Basis in stock of CFCs (see attachment)

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 8

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part III Other Information for Preparation of Form 1116 (continued) Section 3—Foreign Taxes

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 9

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part III Other Information for Preparation of Form 1116 (continued) Section 3—Foreign Taxes (continued)

(d) Passive category income (e) General category income (f) Other
(category co d e )		 (g) Total
U.S. Foreign Shareholder U.S. Foreign Shareholder Shareholder Shareholder
1
A
B
C
D
E
F
1
A
B
C
D
E
F
1
A
B
C
D
E
F
1
A
B
C
D
E
F
1
A
B
C
D
E
F
1
A
B
C
D
E
F
2
A
B
C
D
E
F
G
2
A
B
C
D
E
F
G
2
A
B
C
D
E
F
G
2
A
B
C
D
E
F
G
2
A
B
C
D
E
F
G
2
A
B
C
D
E
F
G
2
A
B
C
D
E
F
G
3
A
B
C
3
A
B
C
3
A
B
C
4
5
6

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 10

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 11

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part V Information on Shareholder’s Section 951(a)(1) and Section 951A Inclusions

a Separate category (code) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b
If box is checked, this is completed with respect to U.S. source income
.
.
.
.
.
.
.
.
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.
.
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.
.
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.
.
.
(a) Name of CFC (a) Name of CFC (b) EIN or
reference ID number		 (b) EIN or
reference ID number		 (c) Ending of CFC
tax year		 (c) Ending of CFC
tax year		 (d) Shareholder’s share
of CFC items through
their ownership in
its corporation
(“shareholder’s share”)		 (d) Shareholder’s share
of CFC items through
their ownership in
its corporation
(“shareholder’s share”)		 (e) Shareholder’s share
of subpart F income		 (e) Shareholder’s share
of subpart F income		 (f) Shareholder’s section
951(a)(1)(B) inclusion		 (f) Shareholder’s section
951(a)(1)(B) inclusion		 (g) Tested income (g) Tested income (g) Tested income
A
B
C
D
E
F
G
H
I
J
K
a Separate category (code) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Shareholder’s total (sum for all CFCs) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
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.
.
.
.
(h) Tested loss (i) Shareholder’s share
of tested income		 (i) Shareholder’s share
of tested income
(j) Shareholder’s share
of tested loss
(j) Shareholder’s share
of tested loss
(k) Shareholder’s share of
Qualified Business Asset
Investment (QBAI)
(k) Shareholder’s share of
Qualified Business Asset
Investment (QBAI)		 **(l)**Shareholder’s share of
the tested loss
QBAI amount		 **(l)**Shareholder’s share of
the tested loss
QBAI amount		 (m) Shareholder’s share of
tested interest income		 (m) Shareholder’s share of
tested interest income		 (n) Shareholder’s share of
tested interest expense		 (n) Shareholder’s share of
tested interest expense		 (n) Shareholder’s share of
tested interest expense		 (n) Shareholder’s share of
tested interest expense
A ( ) ( ) ( ) ( ) ( )
B ( ) ( ) ( ) ( ) ( )
C ( ) ( ) ( ) ( ) ( )
D ( ) ( ) ( ) ( ) ( )
E ( ) ( ) ( ) ( ) ( )
F ( ) ( ) ( ) ( ) ( )
G ( ) ( ) ( ) ( ) ( )
H ( ) ( ) ( ) ( ) ( )
I ( ) ( ) ( ) ( ) ( )
J ( ) ( ) ( ) ( ) ( )
K ( ) ( ) ( ) ( ) ( )
1 ( ) ( ) ( ) ( ) ( )

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 12

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part VI Information Regarding Passive Foreign Investment Companies (PFICs) Section 1—General Information

General Information

(a) Name of PFIC (b) EIN or
reference ID number		 (c) Address of PFIC (d) Beginning of
PFIC tax year		 (e) Ending of
PFIC tax year
A
B
C
D
E
F
G
H
I
J
K
L
Summary of Annual Information Summary of Annual Information Summary of Annual Information Summary of Annual Information Summary of Annual Information Summary of Annual Information Summary of Annual Information Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections Information Regarding Elections
(f) Description of each
class of PFIC shares		 (g) Dates PFIC
shares acquired
during tax year
(if applicable)		 (g) Dates PFIC
shares acquired
during tax year
(if applicable)		 (h) Shareholder’s share
of total number of
PFIC shares held by
corporation at end of
tax year		 (h) Shareholder’s share
of total number of
PFIC shares held by
corporation at end of
tax year		 (i) Shareholder’s share
of total value of
PFIC shares held by
corporation at end of
tax year
(j) Election
made by
corporation
(see
instructions)		 (k) Box is
checked if
foreign
corporation has
documented its
eligibility to be
treated as a
qualifying
insurance
corporation
under section
1297(f)(2).		 (k) Box is
checked if
foreign
corporation has
documented its
eligibility to be
treated as a
qualifying
insurance
corporation
under section
1297(f)(2).		 (k) Box is
checked if
foreign
corporation has
documented its
eligibility to be
treated as a
qualifying
insurance
corporation
under section
1297(f)(2).		 (l) Box is
checked if PFIC
has indicated
its shares are
“marketable
stock” within
the meaning
of section
1296(e).		 (l) Box is
checked if PFIC
has indicated
its shares are
“marketable
stock” within
the meaning
of section
1296(e).		 (l) Box is
checked if PFIC
has indicated
its shares are
“marketable
stock” within
the meaning
of section
1296(e).
(m) Box is
checked if
PFIC is also
a controlled
foreign
corporation
(CFC) within
the meaning of
section 957.
(m) Box is
checked if
PFIC is also
a controlled
foreign
corporation
(CFC) within
the meaning of
section 957.
(m) Box is
checked if
PFIC is also
a controlled
foreign
corporation
(CFC) within
the meaning of
section 957.
(m) Box is
checked if
PFIC is also
a controlled
foreign
corporation
(CFC) within
the meaning of
section 957.
**(n)**Box is
checked if
PFIC meets
the income
test or asset
test of section
1297(a) for the
tax year.
**(n)**Box is
checked if
PFIC meets
the income
test or asset
test of section
1297(a) for the
tax year.
**(n)**Box is
checked if
PFIC meets
the income
test or asset
test of section
1297(a) for the
tax year.
A
B
C
D
E
F
G
H
I
J
K
L

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 13

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part VI Information Regarding Passive Foreign Investment Companies (PFICs) (continued) Section 2—Additional Information on PFIC or Qualified Electing Fund (QEF)

General Information QEF Information Section 1296 Mark-to-Market Information Section 1291 and Other
Information
(a) Name of PFIC **(b)**EIN or
reference ID number		 (c) Shareholder’s share
of ordinary earnings		 (d) Shareholder’s share
of net capital gain		 (e) Shareholder’s share
of fair market value (FMV)
of PFIC shares held by
corporation at beginning
of tax year
(f) Shareholder’s share
of FMV of PFIC shares
held by corporation at
end of tax year
(g) Dates PFIC shares
were acquired
A
B
C
D
E
F
G
H
I
J
K
L

Section 1291 and Other Information

(h) Shareholder’s share
of amount of cash and
FMV of property
distributed by PFIC
during the current tax
year (if applicable)		 (i) Dates of
distribution		 (j) Shareholder’s share
of total creditable
foreign taxes
attributable to
distribution by PFIC		 (k) Shareholder’s share
of total distributions
from PFIC in preceding
3 tax years		 (l) Dates PFIC
shares disposed of
during tax year
(if applicable)		 (m) Shareholder’s
share of amount
realized by corporation
on disposition of
PFIC shares		 (n) Shareholder’s share
of corporation’s tax
basis in PFIC shares
on dates of disposition		 (o) Shareholder’s share
of gain (loss) on
disposition by
corporation of PFIC
shares
A
B
C
D
E
F
G
H
I
J
K
L

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 14

Corporation’s name EIN Shareholder’s name Shareholder’s identifying number

Part VII Shareholder’s Share of S Corporation’s Interest in Foreign Corporation Income (Section 960)

A EIN or reference ID number of controlled foreign corporation . . B Separate category. See instructions . . . . C If PAS was entered on line B, applicable grouping under Regulations section 1.904-4(c). See instructions . . . . . . . . . . . . . .

Schedule K-3 (Form 1120-S) 2025

Schedule K-3 (Form 1120-S) 2025 Page 15

Schedule K-3 (Form 1120-S) 2025

Exceptions & meaning →

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