Schedule Or-Drd Oregon Dividends-Received Deduction Instructions

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Schedule OR-DRD
Oregon Dividends-Received Deduction Instructions
This schedule is similar to federal form 1120, Schedule
the dividend are unitary with the taxpayer [with one
C. It is not identical. Refer to the instructions for federal
another] and the income of both entities is reported as an
form 1120, Schedule C, for more information on classifi-
Oregon addition.
cation or definitions of dividends.
Line 18. Dividends received by a US corporation from
Important: Deductions are allowed only for dividends
a foreign corporation are 80 percent deductible. Divi-
included in federal taxable income (ORS 317.267).
dends received by a US corporation from a foreign cor-
Column A: Enter only amounts that are included in fed-
poration that’s incorporated in a listed jurisdiction are
eral and Oregon income.
fully deductible if otherwise included in Oregon tax-
able income for the current or previous tax years. If you
Column B: This is the allowable Oregon percentage for
deducted 80 percent on lines above, enter the remaining
the specific dividend.
20 percent on Line 18. Don’t enter dividends that have
Column C: Multiply column A and B (A x B = C) to deter-
already been deducted or subtracted through intercom-
mine the Oregon dividend received deduction.
pany eliminations.
Line 17. Dividends paid between foreign corporations
Total. Total lines 1 through 18 and enter it on Schedule
in listed foreign jurisdictions are allowed a 100 percent
dividend received deduction if the payor and payee of
OR-ASC-CORP.
150-102-038 (Rev. 10-16)

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