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THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA PROPERTY×EQUIPMENT BORROWER RESPONSIBILITY FORM Borrower Name (Print): ___ Facility Name: ___ Facility Number: ___ Address: ___ City, State, Zip Code:
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1 1 t e stands for Form 1116, which is used by individuals, estates, or trusts to claim a foreign tax credit.
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Individuals, estates, or trusts who have foreign taxes paid or accrued must file Form 1116.
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Form 1116 must be filled out with information on foreign income, foreign taxes paid, and calculations for claiming the foreign tax credit.
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The purpose of Form 1116 is to avoid double taxation on income earned in a foreign country.
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Information such as foreign income, foreign taxes paid, and calculations for claiming the foreign tax credit must be reported on Form 1116.
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