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NEW HAMPSHIRE DEPARTMENT OF REVENUE ADMINISTRATION

FORM

APPORTIONMENT OF FOREIGN DIVIDENDS

NH-1120-WE

INSTRUCTIONS

Schedule II

Instructions

Schedule II is used to compute the modified apportionment percentage needed to determine the amount of foreign dividends, as defined by RSA 77-A:1,

XVII, which are to be included in the New Hampshire Taxable Business Profits for the water’s edge combined group. Prior to completing Schedule II,

you must first complete Form DP-80 for the combined group and Schedule III.

STEP 1

Complete the DP-80 and then from FORM DP-80, enter the Everywhere and New Hampshire sales, payroll, and property on

Lines 1(a), 2(a), and 3(a) respectively of the NH-1120-WE.

STEP 2

Cpp,[;ete Scjedi;e III and then the Foreign Dividend Factor Increments calculated on Schedule III for sales, payroll, and property

must be carried to this schedule as follows:

1. Enter the total of Schedule III, column L on Line1(b).

2. Enter the total of Schedule III, column M on Line2(b).

3. Enter the total of Schedule III, column N on Line3(b).

The New Hampshire amount for Foreign Dividend Factor Increments will always be zero.

STEP 3

Total the Everywhere and New Hampshire sales (Line1c), payroll (Line2c), and property (Line3c) to obtain denominators and

numerators for each. Complete the following calculations, as done for Form DP-80, expressed in decimal form and computed

to 6 places.

1. Divide the total NH sales by the total Everywhere sales. Multiply Line1(d) by 2 to arrive at the adjusted

sales factor and enter the amount on Line1(e).

2. Divide the total NH payroll by the total Everywhere payroll to arrive at the adjusted payroll factor and

enter on Line2(d).

3. Divide the total NH property by the total Everywhere property to arrive at the adjusted property factor and

enter on Line3(d).

STEP 4

Add Lines 1(e), 2(d), and 3(d) and enter the sum on Line4.

Divide Line4 by 4.

STEP 5

If there are less than 3 factors with an “Everywhere” denominator, then divide Line4 as follows:

Sales/Receipts and Payroll- divide by 3

Sales/Receipts and Property- divide by 3

Payroll and Property- divide by 2

Sales/Receipts only- divide by 2

Property OR Payroll only- divide by 1

Enter the results of your calculation on Line5. This is the modified apportionment percentage to be applied to taxable foreign

dividends.

Enter the amount of taxable foreign dividends on Line6. This amount must agree with NH-1120-WE, page 1, Line1(d) and the

STEP 6

total of Schedule III, column B.

STEP 7

Multiply Line6 by the modified apportionment percentage on Line5. This is the NH Foreign Dividends Taxable Business Profits.

Enter this amount on Line7 and also on NH-1120-WE, page 1, Line6.

NH-1120-WE

Schedule II

Instructions

Rev. 12/00

Form Nh-1120-We - Combined Business Profits Tax Return - New Hampshire Department Of Revenue Administration Page 3

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