Part IV—Corporate Alternative Minimum Tax—Foreign Tax Credit

Complete Part IV if an applicable corporation elects to take the section 901 foreign tax credit for regular tax. See section 59(l).

A foreign income tax is eligible to be claimed as a CAMT FTC (eligible tax) in the tax year in which it is paid or accrued for federal income tax purposes by either an applicable corporation or a CFC with respect to which the applicable corporation is a U.S. shareholder, provided the foreign income tax has been taken into account on the AFS of such applicable corporation or CFC.

Note: Report all items in Part IV in U.S. dollars.

Section I—CAMT Foreign Tax Credit Use Section I to compute the total domestic corporation AMT foreign income taxes.

Line 1a. Enter total foreign taxes paid or accrued as reported on Form 1118, Schedule B, Part I, column 2(j).

Lines 1b through 1g. Enter the description and amounts for adjustments to the line 1a amount listed above. On line 1b, enter any other foreign income taxes not included on line 1a. Enter any other adjustments to line 1a on lines 1c through 1g.

Line 3a. Pro-rata share of CFC CAMT foreign income taxes. Enter the amount from Part IV, Section II, line 11, column (n).

Line 3b. Enter adjustments to the line 3a amount listed above.

Line 3c. Enter the section 59(l)(2) carryover of excess foreign taxes from Part IV, Section III, line 4, column (vii).

Line 3e. Enter the 15% specified in section 55(b)(2)(A)(i).

Line 3f. Enter the amount from Part VI, Section II, line 3.

Note: The amount on line 3f should be the same as the pro-rata share of adjusted net income or loss of a CFC from Part II, line 2e, and Part VI, Section II, line 3.

Lines 4 and 5. Reserved for future use.

Section II—Allowable CFC CAMT Foreign Income Taxes

Column (b). Enter the CFC’s employer identification number (EIN) or other reference identification number.

Column (c). Enter the adjusted net income or loss of each CFC as reported on each CFC’s Form 5471, Schedule H-1, line 4 in U.S. dollars.

Column (d). Enter the income, war profits, and excess profits taxes (within the meaning of section 901) imposed by a foreign country or U.S. territory which are taken into account on the CFC’s AFS with respect to which the applicable corporation is a U.S. shareholder and paid or accrued (for federal income tax purposes) by the CFC. See section 59(l)(1).

Columns (e) through (k). Adjustments to column (d). Enter the description at the top of each adjustment column. Enter the adjustment amount on each line for each CFC that may have such adjustment with respect to the amount included in column (d).

Column (m). Reserved for future use.

Column (n). Enter the corporation’s pro-rata share of the CFC’s CAMT foreign income taxes.

Section III—CAMT Foreign Tax Credit Carryover for CFCs

Line 1. Foreign tax carryover from the prior tax year. If applicable, enter amounts from the appropriate columns of line 8 of the prior year Form 4626, Part IV, Section III.

Note: For tax years beginning before 2023, the relevant preceding tax year columns should be left blank.

Lines 2a through 2g. Adjustments to line 1. Enter the description and amounts of adjustments to the line 1 amount listed above.

Line 5. Complete line 5 only if the applicable corporation has excess CFC CAMT foreign tax credit limitation. Excess CFC CAMT foreign tax credit limitation exists when the applicable corporation’s CFC CAMT foreign tax credit limitation (Part IV, Section I, line 3f) exceeds its allowable controlled CFC CAMT foreign income taxes (Part IV, Section I, line 3a).

Enter in each column the foreign tax carryover utilized in the current tax year. Starting with column (i), the amount to be entered on line 5 of a given column will be the amount on line 4 of that column, but only to the extent that it does not exceed:

• The amount of excess CFC CAMT foreign tax credit limitation (defined above), less

• The sum of all amounts entered in all previous columns of line 5.

The total on line 5, column (vii), cannot exceed the excess CFC CAMT foreign tax credit limitation.

Line 6. Complete line 6 only regarding the fifth preceding tax year (and the “Total” column). For the fifth preceding tax year (column (i)), combine lines 4 and 5 and enter the result on line 6, column (i).

Line 7. Enter the section 59(l)(2) foreign tax carryover generated in the current tax year. The line 7, column (vi) foreign tax carryover generated in the current tax year is the difference between the allowable CFC CAMT foreign income taxes (Part IV, Section I, line 3a) and the CFC CAMT foreign tax credit limitation (Part IV, Section I, line 3g).

Instructions for Form 4626 (2025) 13