Alternative Tax on Qualifying Shipping Activities
Form   8902                                                                                                         OMB No. 1545-0123
(Rev. September 2017)                         ▶ Attach to the corporation’s income tax return. 
Department of the Treasury  ▶ Go to www.irs.gov/Form8902 for instructions and the latest information. 
Internal Revenue Service
Name of corporation (common parent, if consolidated return)                                                  Employer identification number 

Name of subsidiary (if consolidated return)                                                                  Employer identification number 

Part I   Section 1354 Election or Termination 

       A The corporation previously made a valid and timely section 1354 election effective for the tax year  
         beginning                          , 20                , and ending                   , 20      .

       B The corporation is making a section 1354 election for this tax year and all succeeding tax years. 

       C The corporation is revoking its election under section 1354(d)(1) for its tax year beginning 
                            , 20              , and ending                         , 20       .

       D The corporation’s election was automatically terminated under section 1354(d)(2) because the corporation ceased to be 
         a qualifying vessel operator effective                                    , 20     .

Part II  Other Information (see instructions) 

       E Is the corporation a member of an electing group?  .           .    . . . .    . . . . .    . . . . . . .    Yes No 
         If “No,” skip item F and go to item G. 

       F If the answer to item E is “Yes”: 

         (1) How many corporations are in the electing group? .              . . . .    . . . . .    . . . . . . ▶

         (2) Enter the number of vessels included under the election for the electing group .        . . . . . . ▶

         (3) Does  any  member  of  the  electing  group  have  income  from  qualifying  secondary  activities  or 
             qualifying incidental activities?              . . . . . . .    . . . .    . . . . .    . . . . . . .    Yes No 

             If “Yes,” attach to Form 8902 a worksheet that provides the information requested in item G for 
             each such member of the electing group. 

       G Enter the corporation’s gross income from: 

         (1) Core qualifying activities     . .             . . . . . . .    . . . .    . . . . .    . . . . .   $

         (2) Qualifying secondary activities: 

             (a)        Amount included in 20% limit          . . . . . .    . . . .    . . . . .    . . . . .   $

             (b)        Amount that exceeds the 20% limit         . . . .    . . . .    . . . . .    . . . . .   $

         (3) Qualifying incidental activities: 

             (a)        Amount included in the 0.1% limit  .      . . . .    . . . .    . . . . .    . . . . .   $

             (b)        Amount that exceeds the 0.1% limit        . . . .    . . . .    . . . . .    . . . . .   $

       H Gross income from qualifying shipping activities excluded from gross income on the corporation’s 
         income tax return. Add lines G(1), G(2)(a), and G(3)(a)  .          . . . .    . . . . .    . . . . .   $

For Paperwork Reduction Act Notice, see separate instructions.                       Cat. No. 37711U             Form 8902 (Rev. 9-2017)

Form 8902 (Rev. 9-2017)                                                                                             Page 2
Part III Vessel Information 
                        Description                     A               B                        C              D 
1  Vessel name  .         . . . .   . . . .
2  IMO number  .          . . . .   . . . .
3  USCG VIN number .          . .   . . . .
4  Flag  .   .          . . . . .   . . . .
5  Date flagged  .        . . . .   . . . .
6  Vessel type  .         . . . .   . . . .
7  Vessel used in U.S. foreign trade? .   .               Yes                     Yes              Yes              Yes 
                                                          No                      No               No               No 
8  Percentage  of  U.S.  ownership  in  the  
   vessel  . .          . . . . .   . . . .                     %                      %               %                %
9  Type of ownership (see instructions)  .
10 Type of vessel use (see instructions)  .
11 Date placed in service       .   . . . .
Part IV  Notional Shipping Income 
                                                        A               B                        C              D 
12 Dead weight tons  .        . .   . . . .
13 Net tons  .          . . . . .   . . . .
14 Enter the smaller of line 13 or 25,000 .
15 Multiply line 14 by 0.004  .     . . . .
16 Subtract line 14 from line 13      . . .
17 Multiply line 16 by 0.002  .     . . . .
18 Daily  notional  shipping  income.   
   Add lines 15 and 17  .       .   . . . .
19 Days  operated  in  U.S.  foreign  trade  
   during the tax year  .     . .   . . . .
20 Multiply line 18 by line 19      . . . .
21 Ownership percentage         .   . . . .                     %                      %               %                %
22 Multiply line 20 by line 21      . . . .
If any income from this vessel was excluded from gross income by reason of section 883 or otherwise, complete lines 23 through 27. 
Otherwise, skip lines 23 through 27 and enter the amount from line 22 on line 28. 
                                                        A               B                        C              D 
23 Gross  income  excluded  under  section  
   883 or otherwise         . . .   . . . .
24 Gross income from operation of vessel 
   in U.S. foreign trade  .     .   . . . .
25 Add lines 23 and 24  .       .   . . . .
26 Divide line 24 by line 25  .     . . . .
27 Multiply line 22 by line 26      . . . .
28 Annual  notional  shipping  income.  
   Enter  the  amount  from  line  22  or  line  
   27, whichever applies  .     .   . . . .
Part V   Alternative Tax 

29 Total annual notional shipping income (enter the sum of all columns of Part IV, line 28)  . . . . .     $
30 Alternative tax on qualifying shipping activities. Multiply line 29 by 35% (0.35). Enter here and on the
   “Other taxes” line of Form 1120, Schedule J, or Form 1120-F, Schedule J. Be sure to check the
   box for Form 8902 .        . .   . . . .     . . . . . .   . . . . . .         .  . . . .   . . . .     $
                                                                                                           Form 8902 (Rev. 9-2017)