Schedule J                                   Adjustments to Separate Limitation Income (Loss) Categories for  
(Form 1118)                  Determining Numerators of Limitation Fractions, Year-End Recharacterization Balances,  
(Rev. December 2020)                               and Overall Foreign and Domestic Loss Account Balances                                                                                                                            OMB No. 1545-0123 
Department of the Treasury  For calendar year 20    ,  or other tax year beginning                                         ,  20 , and ending                                                     ,  20 
Internal Revenue Service                                                              ▶ Attach to Form 1118.
Name of corporation                                                                                                                                                                                     Employer identification number 

 Part I     Adjustments to Separate Limitation Income or (Losses) in Determining Numerators of Limitation Fractions (see instructions) 
                                                                                                                                                                                                  (v) 
                                                    (i)                                (ii)                                (iii)                              (iv)                                Other income*                       (vi) 
                                                    Section 951A income               Foreign branch income                Passive category income General category income (identify ▶                                                U.S. income 
                                                                                                                                                                                                                )
 1   Income or (loss) before adjustments 
 2   Allocation of separate limitation losses: 
 a   Section 951A income                                                             (                                                                                                                                   )( )( )( )
 b   Foreign branch income                         (                                )                                   (                                                                                                  )( )( )
 c   Passive category income                       (                                                                 )( )                                   (                                                                 )( )
 d   General category income                       (                                                                                                  )( )( )                                    (                                )
 e   Other income* (identify ▶
                                                 ( )                                                                                                                                   )( )( )( )
 3   Subtotal—Combine lines 1 through 2e. 
 4   Allocation of overall foreign losses                                                                                                                                                                                            (                                )
 5   Allocation of domestic losses                 (                                                                                                                                                                    )( )( )( )( )
 6   Subtotal—Combine lines 3 through 5. 
 7   Recapture of overall foreign losses           (                                                                                                                                                                    )( )( )( )( )
 8   Subtotal—Combine lines 6 and 7. 
 9   Recharacterization of separate limitation 
     income: 
 a   Section 951A income                           (                                )
 b   Foreign branch income                                                           (                                )
 c   Passive category income                                                                                            (                                )
 d   General category income                                                                                                                                (                                )
 e   Other income* (identify ▶
                                                 )                                                                                                                                               (                                )
 10  Recapture of overall domestic losses                                                                                                                                                                                            (                                )
 11  Numerator of Limitation Fraction—
     Combine lines 8 through 10. Enter each 
     result here and on Schedule B, Part II, 
     line 7, of corresponding Form 1118. 
*Important: See Computer-Generated Schedule J in instructions.
For Paperwork Reduction Act Notice, see the Instructions for Form 1118.                                                    Cat. No. 10309U                                                              Schedule J (Form 1118) (Rev. 12-2020) 

Schedule J (Form 1118) (Rev. 12-2020)                                                                                                                                                                                                     Page 2
Part II     Year-End Balances of Future Separate Limitation Income That Must Be Recharacterized (section 904(f)(5)(C)) 
                                                                                                                                                              (v) 
                                                    (i)                             (ii)                 (iii)                    (iv)          Other income*                                                                        (vi) 
                                                    Section 951A income Foreign branch income     Passive category income General category income (identify ▶                                                                        U.S. income 
                                                                                                                                                                   )
 a   Section 951A income
 b   Foreign branch income
 c   Passive category income
 d   General category income
 e   Other income* (identify ▶
                                               )
Part III    Overall Foreign Loss Account Balances (section              904(f)(1))  Complete     for each separate     limitation income     category.                                                                                    
 1   Beginning balance 
 2   Current year additions
 3   Current year reductions (other than  
     recapture)                                    (                                                                                                                                                                    )( )( )( )( )
 4   Current year recapture (from Part I, line 7)  (                                                                                                                                                                    )( )( )( )( )
 5   Ending balance—Combine lines 1  
     through 4. 
Part IV     Overall Domestic Loss Account Balances     (section 904(g)(1))                                                                                                                                                                
 1   Beginning balance 
 2   Current year additions
 3   Current year reductions (other than 
     recapture)                                    (                                                                                                                                                                    )( )( )( )( )
 4   Subtotal—Combine lines 1 through 3.
 5   Current year recapture (from Part I, line 10) 
 6   Ending balance—Subtract line 5 from line 4. 
*Important: See Computer-Generated Schedule J in instructions.
                                                                                                                                                              Schedule J (Form 1118) (Rev. 12-2020)