DIV
Deduction for Dividends Received 2014
The deduction for dividends received is not allowed if the corporation:
• includes the stock in its inventory;
• holds the stock primarily for sale to customers in the ordinary course of business; or
• conducts business that consists mainly of holding the stocks and collecting income and gains from them .
Name of Corporation/Designated Filer
FEIN
Minnesota Tax ID
You must round amounts
to nearest whole dollar.
1 Total dividends included in federal income
(from federal Form 1120, line 4; unitary businesses, see instructions) . . . . . . . . . . . . . . . . . . . . . . . 1
2 Dividends from less-than-20-percent-owned companies . . . . . . . . . . 2
3 Dividends from foreign sales corporations . . . . . . . . . . . . . . . . . . . . . 3
4 Combined intercompany dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Foreign dividend gross-up (from federal Form 1120, Sch. C, line 15) 5
6 Dividends received from a real estate investment trust (REIT) . . . . . 6
7 Other dividends not already listed on line 2 through 6 (from federal
Form 1120, Sch. C, line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Total subtractions (add lines 2 through 7) . . . . . . . . . . . . . . . . . . . . . 8
9 Dividends subject to 80 percent deduction (subtract lines 8 from 1) 9
80%
10 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Minnesota deduction (multiply line 9 by line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Dividends from less-than-20-percent-owned companies
(from line 2 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
70%
13 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Minnesota deduction (multiply line 12 by line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Dividends subject to apportionment (add lines 11 and 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Enter on M4T, line 8a.
Instructions
Complete Schedule DIV to
Unitary businesses: Enter the sum of the
dividends received by each corporation
determine your deduction for
included on your combined return.
dividends received.
Line 4
Enter any dividends from line 1 that are
Line Instructions
received by a corporation included on
Line 1
your combined return from a corporation
Enter your dividends received from federal
included on your combined return.
Form 1120, line 4.
9995