Form 2424 - Water'S-Edge Foreign Investment Interest Offset - 2013
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1
2Water’s-Edge Foreign Investment
CALIFORNIA FORM
TAXABLE YEAR
2424
2013
Interest Offset
Attach this form to the back of Form 100W or Form 100S.
Key corporation name
Key California corporation number
1 Dividend deduction (R&TC Section 24411) from Schedules H (100W or 100S), Part II, line 4, column (g) . . . . . . . . . . . . . .
1
00
If line 1 is zero, the interest offset is zero. Do not complete this form.
2 Total interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
00
3 Interest expense specifically assignable to foreign investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
00
4 Interest expense specifically assignable to domestic investment or other property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
00
5 Unassigned interest expense, add line 3 and line 4, and subtract from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6 Unassigned interest expense included in line 5, paid on debt incurred prior to January 1, 1988 . . . . . . . . . . . . . . . . . . . . . . .
6
00
7 Unassigned interest expense included in line 5, paid on debt incurred on or after January 1, 1988 . . . . . . . . . . . . . . . . . . . .
7
00
8 Interest expense included in line 7, paid with respect to debt proceeds deposited in restricted accounts . . . . . . . . . . . . . . . .
8
00
9 Subtract line 8 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
00
10 Unassigned interest expense subject to allocation . Add line 6 and line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
00
11 Unassigned foreign investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
00
12 Unassigned total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
00
___ ___ ___ . ___ ___ %
13 Percentage . Divide line 11 by line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14 Unassigned interest expense allocated to foreign investment . Multiply line 10 by line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
00
15 Interest expense attributable to foreign investment . Add line 3 and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
00
16 Enter the smaller of line 1 or line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
00
17 Multiply line 16 by 75% ( .75) . Enter here and on Schedule R, Side 1, line 1b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
00
The remaining interest expense is subject to the provisions of R&TC Section 24344(b).
FTB 2424 2013
7211133
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Parent category: Financial