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Form 1118j: Adjustments to Separate Limitation Income (Loss)

Use Tax Form 1118j: Adjustments to Separate Limitation Income (Loss) as a stand alone tax form calculator to quickly calculate specific amounts for your 2025 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Adjustments to Separate Limitation Income (Loss) Categories for Determining Numerators of Limitation Fractions, Year-End Recharacterization Balances, and Overall Foreign and Domestic Loss Account Balances
Part I Adjustments to Separate Limitation Income or (Losses) in Determining Numerators of Limitation Fractions (see instructions)
		(i) General category income	(ii) Passive category income	(iii) Other income*	(iv) U.S. income
1	Income or (loss) before adjustments
2	Allocation of separate limitation losses:
a	General category income
b	Passive category income
c	Other income*
3	Subtotal— Combine lines 1 through 2c.
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	General category income
b	Passive category income
c	Other income*
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.
Part II Year-End Balances of Future Separate Limitation Income That Must Be Recharacterized (section 904(f)(5)(C))
a	General category income
b	Passive category income
c	Other income*
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.

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