Schedule Div - Deduction For Dividends Received - 2014

Download a blank fillable Schedule Div - Deduction For Dividends Received - 2014 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Schedule Div - Deduction For Dividends Received - 2014 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

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

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go