1224 Form 8991 (PDF) — verbatim text

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f8991.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

If the above box is checked, attach a statement listing the names and EINs of all separate taxpayers taken into account in the determination of “1 person” under Regulations section 1.59A-2(c).

	(a)	(b)		(c)
	First Preceding Tax Year	Second Preceding Tax Year	Second Preceding Tax Year	Third Preceding Tax Year
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.			1e
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.			1f
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.			2a
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.			2b
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.			2e
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.			2m
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.			2n
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.			2o	%
1aGross receipts of the taxpayer (see instructions) . . . . . . . . . . b Gross receipts from partnerships . . . . . . . . . . . . . . . c Gross receipts of all other persons treated as 1 person pursuant to Regulations section 1.59A-2(c) . . . . . . . . . . . . . . . d Gross receipts. Combine lines 1a through 1c . . . . . . . . . . e Gross receipts of first, second, and third preceding tax years. Combine columns (a), (b), and (c) of line 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e f 3-year average annual gross receipts (see instructions) . . . . . . . . . . . . . . . . 1f g Is line 1f $500 million or more? Yes. Continue to line 2. No. STOP here and attach this form to your tax return. 2a Base erosion tax benefit (from Schedule A, line 15, column (a-2)) . . . . . . . . . . . . 2a b Amount of deductions allowed under chapter 1 of the Internal Revenue Code . . . . . . . . 2b c Base erosion tax benefits resulting from reductions in insurance premiums reported on Schedule A, line 8, column (a-2) . . . . . . . . . . . . 2c d Base erosion tax benefits resulting from reductions in gross receipts reported on Schedule A, line 10, column (a-2) . . . . . . . . . . . . . . . . 2d e Add lines 2c and 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f Total deductions for amounts paid or accrued for services to which the exception under Regulations section 1.59A-3(b)(3)(i) applies (from Schedule A, line 5b) . . 2f g Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . 2g h Total deductions allowed under sections 172, 245A, and 250 for the tax year . 2h i Does the taxpayer elect to waive deductions in accordance with Regulations section 1.59A-3(c)(6)(i)? . . . . . . . . . . . . . . . . . . . 2i Yes. Complete Schedule B. Enter the amount from line 15 of Schedule B. No. Enter -0-. j Deductions for exchange losses from section 988 transactions described in Regulations section 1.59A-2(e)(3)(ii)(D) . . . . . . . . . . . . . . 2j k Deductions for TLAC securities and foreign TLAC securities described in Regulations section 1.59A-2(e)(3)(ii)(E) . . . . . . . . . . . . . . 2k l Reinsurance losses incurred and claims payments described in Regulations section 1.59A-2(e)(3)(ii)(F) . . . . . . . . . . . . . . . . . . . 2l m Combine lines 2f through 2l . . . . . . . . . . . . . . . . . . . . . . . . . 2m n Total deductions. Subtract line 2m from the sum of line 2b and line 2e . . . . . . . . . . 2n o Base erosion percentage. Divide line 2a by line 2n . . . . . . . . . . . . . . . . . 2o p Is the taxpayer’s base erosion percentage on line 2o 3% or higher (2% or higher for a bank or securities dealer)? Yes. Continue to Part II. No. STOP after completing Part I, Part V, and Schedule A (and, if necessary, Schedule B), and attach this form to your tax return.

For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 37815N Form 8991 (Rev. 12-2024)

Form 8991 (Rev. 12-2024) Page 2

6 Does the taxpayer elect to use financial statements per Regulations section 1.59A-3(b)(4)(i)(D) for purposes of calculating interest expense allocable to a foreign corporation’s effectively connected income? . . . Yes No 7 In the current year, did the taxpayer capitalize to inventory, or include in cost of goods sold (COGS), costs for any payment to a related foreign party that the taxpayer treated as a deduction in any prior tax year? . Yes No 8 If “Yes” for line 7, enter the following:

(i) (ii) (iii) (iv)

Amount Capitalized Line Item Reported Description of Item or Included in COGS on in Prior Year

Tax Year Form 3115 Was Filed

Form 8991 (Rev. 12-2024)

a b c

Form 8991 (Rev. 12-2024) Page 3

Schedule A Base Erosion Payments and Base Erosion Tax Benefits (see instructions)

(a-1) (a-2) (b-1) (b-2)	(a-1) (a-2) (b-1) (b-2)	(a-1) (a-2) (b-1) (b-2)	(a-1) (a-2) (b-1) (b-2)	(a-1) (a-2) (b-1) (b-2)	(Check all applicable boxes in columns (c), (d), and (e) below)	(Check all applicable boxes in columns (c), (d), and (e) below)	(Check all applicable boxes in columns (c), (d), and (e) below)
(a-1) (a-2) (b-1) (b-2)	(a-1)	(a-2)	(b-1)	(b-2)	(c)	(d)	(e)
Type of Base Erosion Payments	Aggregate Group’s Base Erosion Payments	Aggregate Group’s Base Erosion Tax Benefits	Taxpayer’s Base Erosion Payments	Taxpayer’s Base Erosion Tax Benefits	Any 25% Owner of the Taxpayer	Person Related Under Section 267(b) or 707(b)(1) to the Taxpayer or Any 25% Owner of the Taxpayer	Any Person Related Within the Meaning of Section 482 to the Taxpayer
1 Reserved for future use . . . . . . . . . . . . . . 2 Cost sharing transaction payments as defined in Regulations section 1.482-7(b)(1)(i) . . . . . . . . . . . . . . 3 Purchase or creations of property rights for intangibles (patents, trademarks, etc.) . . . . . . . . . . . . . . . . 4 Rents, royalties, and license fees . . . . . . . . . . . 5aCompensation/consideration paid for servicesNOT excepted by Regulations section 1.59A-3(b)(3)(i) . . . . . . . . . . b Compensation/consideration paid for services excepted by Regulations section 1.59A-3(b)(3)(i) . . . $ 6 Interest expense . . . . . . . . . . . . . . . . 7 Payments for the purchase of tangible personal property . . . 8 Premiums and/or other considerations paid or accrued for insurance and reinsurance as covered by Regulations section 1.59A-3(b)(1)(iii) . . . . . . . . . . . . . . . .
1 Reserved for future use . . . . . . . . . . . . . . 2 Cost sharing transaction payments as defined in Regulations section 1.482-7(b)(1)(i) . . . . . . . . . . . . . . 3 Purchase or creations of property rights for intangibles (patents, trademarks, etc.) . . . . . . . . . . . . . . . . 4 Rents, royalties, and license fees . . . . . . . . . . . 5aCompensation/consideration paid for servicesNOT excepted by Regulations section 1.59A-3(b)(3)(i) . . . . . . . . . . b Compensation/consideration paid for services excepted by Regulations section 1.59A-3(b)(3)(i) . . . $ 6 Interest expense . . . . . . . . . . . . . . . . 7 Payments for the purchase of tangible personal property . . . 8 Premiums and/or other considerations paid or accrued for insurance and reinsurance as covered by Regulations section 1.59A-3(b)(1)(iii) . . . . . . . . . . . . . . . .
1 Reserved for future use . . . . . . . . . . . . . . 2 Cost sharing transaction payments as defined in Regulations section 1.482-7(b)(1)(i) . . . . . . . . . . . . . . 3 Purchase or creations of property rights for intangibles (patents, trademarks, etc.) . . . . . . . . . . . . . . . . 4 Rents, royalties, and license fees . . . . . . . . . . . 5aCompensation/consideration paid for servicesNOT excepted by Regulations section 1.59A-3(b)(3)(i) . . . . . . . . . . b Compensation/consideration paid for services excepted by Regulations section 1.59A-3(b)(3)(i) . . . $ 6 Interest expense . . . . . . . . . . . . . . . . 7 Payments for the purchase of tangible personal property . . . 8 Premiums and/or other considerations paid or accrued for insurance and reinsurance as covered by Regulations section 1.59A-3(b)(1)(iii) . . . . . . . . . . . . . . . .

1
Reserved for future use .
.
.
.
.
.
.
.
.
.
.
.
.
.
2
Cost sharing transaction payments as defined in Regulations
section 1.482-7(b)(1)(i) .
.
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.
.
.
.
.
.
3 Purchase or creations of property rights for intangibles (patents,
trademarks, etc.) .
.
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.
.
.
.
4
Rents, royalties, and license fees .
.
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.
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.
5aCompensation/consideration paid for servicesNOT excepted by
Regulations section 1.59A-3(b)(3)(i) .
.
.
.
.
.
.
.
.
.
**b **Compensation/consideration paid for services excepted by
Regulations section 1.59A-3(b)(3)(i)
.
.
.
$
6
Interest expense
.
.
.
.
.
.
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.
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.
.
.
.
.
.
.
7
Payments for the purchase of tangible personal property .
.
.
**8 **

Premiums and/or other considerations paid or accrued for
insurance and reinsurance as covered by Regulations section
1.59A-3(b)(1)(iii)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Form 8991 (Rev. 12-2024) Page 4

Schedule A Base Erosion Payments and Base Erosion Tax Benefits (see instructions) (continued from page 3)

(a-1) (a-2) (b-1) (b-2)	(a-1) (a-2) (b-1) (b-2)	(a-1) (a-2) (b-1) (b-2)	(a-1) (a-2) (b-1) (b-2)	(a-1) (a-2) (b-1) (b-2)	(Check all applicable boxes in columns (c), (d), and (e) below)	(Check all applicable boxes in columns (c), (d), and (e) below)	(Check all applicable boxes in columns (c), (d), and (e) below)
(a-1) (a-2) (b-1) (b-2)	(a-1)	(a-2)	(b-1)	(b-2)	(c)	(d)	(e)
Type of Base Erosion Payments	Aggregate Group’s Base Erosion Payments	Aggregate Group’s Base Erosion Tax Benefits	Taxpayer’s Base Erosion Payments	Taxpayer’s Base Erosion Tax Benefits	Any 25% Owner of the Taxpayer	Person Related Under Section 267(b) or 707(b)(1) to the Taxpayer or Any 25% Owner of the Taxpayer	Any Person Related Within the Meaning of Section 482 to the Taxpayer
9a Nonqualified derivative payments . . . . . . . . . . b Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . . . . . . . . . . $ 10Payments reducing gross receipts made to surrogate foreign corporation . . . . . . . . . . . . . . . . . . 11 Other payments—specify . . . . . . . . . . . . . 12 Combine lines 2 through 11 . . . . . . . . . . . . 13 Base erosion tax benefits related to payments reported on lines 2 through 11, on which tax is imposed by section 871, 881, or 884(f), with respect to which tax has been withheld under section 1441 or 1442 at 30% statutory withholding tax rate or subject to tax under Regulations section 1.884-4(a)(2)(ii) at a 30% statutory rate (see instructions) . . . . . . . . . 14 Portion of base erosion tax benefits reported on lines 2 through 11, on which tax is imposed by section 871 or 881, with respect to which tax has been withheld under section 1441 or 1442 at reduced withholding rate pursuant to income tax treaty or subject to a reduced rate of tax under Regulations section 1.884-4(a)(2)(ii). Multiply the amount of the base erosion tax benefit by a fraction equal to the rate of tax imposed under the treaty over the 30% (0.30) statutory rate. See instructions. . . 15 Total base erosion tax benefits. Subtract the sum of line 13 and line 14 from line 12. Enter the amount from column (a-2) on Part I, line 2a. Enter the amount from column (b-2) on Part II, line 3b
9a Nonqualified derivative payments . . . . . . . . . . b Qualified derivative payments excepted by Regulations section 1.59A-6(b) . . . . . . . . . . . $ 10Payments reducing gross receipts made to surrogate foreign corporation . . . . . . . . . . . . . . . . . . 11 Other payments—specify . . . . . . . . . . . . . 12 Combine lines 2 through 11 . . . . . . . . . . . . 13 Base erosion tax benefits related to payments reported on lines 2 through 11, on which tax is imposed by section 871, 881, or 884(f), with respect to which tax has been withheld under section 1441 or 1442 at 30% statutory withholding tax rate or subject to tax under Regulations section 1.884-4(a)(2)(ii) at a 30% statutory rate (see instructions) . . . . . . . . . 14 Portion of base erosion tax benefits reported on lines 2 through 11, on which tax is imposed by section 871 or 881, with respect to which tax has been withheld under section 1441 or 1442 at reduced withholding rate pursuant to income tax treaty or subject to a reduced rate of tax under Regulations section 1.884-4(a)(2)(ii). Multiply the amount of the base erosion tax benefit by a fraction equal to the rate of tax imposed under the treaty over the 30% (0.30) statutory rate. See instructions. . . 15 Total base erosion tax benefits. Subtract the sum of line 13 and line 14 from line 12. Enter the amount from column (a-2) on Part I, line 2a. Enter the amount from column (b-2) on Part II, line 3b

9a Nonqualified derivative payments
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**b **Qualified derivative payments excepted by Regulations section
1.59A-6(b)
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$
10Payments reducing gross receipts made to surrogate foreign
corporation .
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11
Other payments—specify
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12
Combine lines 2 through 11
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13
Base erosion tax benefits related to payments reported on lines
2 through 11, on which tax is imposed by section 871, 881, or
884(f), with respect to which tax has been withheld under
section 1441 or 1442 at 30% statutory withholding tax rate or
subject to tax under Regulations section 1.884-4(a)(2)(ii) at a
30% statutory rate (see instructions)
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14
Portion of base erosion tax benefits reported on lines 2 through
11, on which tax is imposed by section 871 or 881, with respect
to which tax has been withheld under section 1441 or 1442 at
reduced withholding rate pursuant to income tax treaty or
subject to a reduced rate of tax under Regulations section
1.884-4(a)(2)(ii). Multiply the amount of the base erosion tax
benefit by a fraction equal to the rate of tax imposed under the
treaty over the 30% (0.30) statutory rate. See instructions.
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15

Total base erosion tax benefits. Subtract the sum of line 13 and
line 14 from line 12. Enter the amount from column (a-2) on Part
I, line 2a. Enter the amount from column (b-2) on Part II, line 3b

Form 8991 (Rev. 12-2024)

Form 8991 (Rev. 12-2024) Page 5

Schedule B Waiver of Deductions (see ins		structions)
(a) Description of item or property to which the deduction relates	(a) Description of item or property to which the deduction relates	(b) Date on which, or period in which, the waived deduction was paid or accrued	(c) Provision of Code and regulations, as applicable, that allows the deduction for which this election relates	(d) Line number on the controlled group member tax return where the deduction is reported	(e) Name of foreign related party that is or will be the recipient of the payment that generates the deduction	(f) Taxpayer identification number of foreign related party	(g) Country of organization of the foreign related party	(h) Amount of deduction claimed for the tax year with respect to the item or property	(i) Amount of deduction being waived for the tax year with respect to the item or property
1
2
3
4
5
6
7
8
9
10
11
12
13
14 Totals from attachment, if necessary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Total deductions waived per Regulations section 1.59A-3(c)(6)(i). Add the amounts in column (i). Enter the result here and on Part I, line 2i . . . . .
14 Totals from attachment, if necessary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Total deductions waived per Regulations section 1.59A-3(c)(6)(i). Add the amounts in column (i). Enter the result here and on Part I, line 2i . . . . .

Form 8991 (Rev. 12-2024)

Form 8991 (Rev. 12-2024) Page 6

Form 8991 (Rev. 12-2024)