Itemized Deductions

To figure your itemized deductions, fill in Schedule A.

If you made a section 962 election and are taking a deduction under section 250 with respect to any income inclusions under section 951A, don’t report the deduction on line 12e. Instead, report the tax with respect to a section 962 election on line 16 and include in the statement required by line 16 how you figured the section 250 deduction.