Part IV—Summary of Separate Credits

If you are filing more than one Form 1116, complete Part IV on only one Form 1116 (the one with the largest amount entered on line 24) to summarize the credits you figured on all of your Forms 1116. However, see Exception below. Enter the credits from line 24 of all of your Forms 1116 on lines 25 through 31 of the Form 1116 you are using to summarize your credits. File the other Forms 1116 as attachments.

Exception. If you completed a Form 1116 for category g (lump-sum distributions) or e (section 901(j) income), don’t use Part IV of that Form 1116 as your summary, unless you are filing both a Form 1116 for category g and a Form 1116 for category e but no other category.

Line 33 Enter the smaller of line 20 or line 32.

Note: Generally, line 32 will exceed line 20 only if you have U.S. capital gains or qualified dividends that are subject to the capital gain rate differential (figured in the Worksheet for Line 18).

Schedule B (Form 1116) and Schedule C (Form 1116) See the separate instructions for Schedule B (Form 1116) and Schedule C (Form 1116) to see if you must file these schedules.

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. You’re required to provide this

Instructions for Form 1116 (2025) 25

information. You’re not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by Internal Revenue Code section 6103. The time

needed to complete and file this form will vary depending on individual circumstances. The estimated burden for individual filers is approved under OMB control number 1545-0074, for tax-exempt filers under OMB control number 1545-0047, and for trust filers under OMB control number 1545-0092. For the estimated averages, see the instructions for your income tax return.

26 Instructions for Form 1116 (2025)