Lump-Sum Distributions Smart Worksheet
Use if Lump-sum distributions category (box e) is checked
A Enter the amount from Form 1116. line 8
B Enter the sum of the amounts from Form 4972, lines 6 and 12. that are from
foreign sources. Also enter this amount on Form 1116, line 17
C Enter the sum of the total amounts from Form 4972, lines 6 and 12. Also.
enter this amount on Form 1116. line 18
D Divide line B by C. Enter the result as a decimal here and on Form 1116,
line 19. If line B is equal to or more than line C. enter '1'
E Enter the amount from Form 4972, line 30. Also, include this amount on
Form 1116, line 20
Caution: Do not include the amount on line E above in the tax you enter on
line 20 of any other Form 1116 you are filing.
F Multiply line E by line D. Enter the result here and on Form 1116. line 21
G Enter the smaller of line A or line F here and on Form 1116, line 22
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