Part III. Part III is used to determine the allocation and

apportionment of research and experimental (R&E) expenses, interest expense, and the FDII deduction for purposes of the foreign tax credit limitation. Also use this part to determine your distributive share of the partnership’s creditable foreign taxes paid or accrued, and to determine income adjustments under section 743(b) by source and separate category. Partners use the information to figure and claim a foreign tax credit on Form 1116 or 1118. Part IV. Part IV is used to determine your deduction with respect to FDII. Partners use the information to claim and figure a section 250 deduction with respect to FDII on Form 8993, Section 250 Deduction for Foreign-Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI).