FDII

Question 1

What is FDII

Answer 1

Foreign-Derived Intangible Income

Question 2

FDII

Answer 2

DII (Deemed Intangible Income) * [FDDEI (foreign derived deduction eligible Income) / Deduction eligible Income (DEI)]

Question 3

DII

Answer 3

Deemed Intangible Income: DEI (Deduction eligible income)(excluding subF and GILTI inclusions, foreign branch income, financial services income) - DTIR (deemed tangible income return)(10% of QBAI)

Question 4

DEI

Answer 4

(Deduction eligible income)(gross DEI excluding subF and GILTI inclusions, foreign branch income, financial services income)

Question 5

DTIR

Answer 5

(deemed tangible income return)(10% of QBAI)

Question 6

FDDEI

Answer 6

(foreign derived deduction eligible Income) - DEI resulting from:

1. sale of prop to a foreign person for foreign use
2. serv. provided to foreign persons or with respect to property not located in the US

related party restrictions!

Question 7

FDDEI sales

Answer 7

property sold:

1. to a foreign person,
2. for foreign use

sale includes: lease, license, Sec 367 transfer
IP is for foreign use if location of end user is outside US

Question 8

FDDEI services

Answer 8

services provided by the taxpayer:

1. to any person not located in the US, or
2. Generally with respect to property not located in the US

Question 9

8990

Answer 9

163j

Question 10

8991

Answer 10

BEAT

Question 11

8992

Answer 11

GILTI

Question 12

8993

Answer 12

250 Deduction for FDII and GILTI