Part I—Computation of Allowable Business Interest Expense

Complete Part I to determine your allowable business interest expense deduction.

If you are a taxpayer that owns an interest in a partnership subject to the section 163(j) limitation, see the instructions for Schedule A before completing Part I.

If you are a taxpayer that is a shareholder in an S corporation subject to the section 163(j) limitation, see the instructions for Schedule B before completing Part I.

If you are a regulated investment company that paid section 163(j) interest dividends and that has no business interest expense for the tax year, complete only Sections I and III.

Prepare the form in U.S. dollars.