California S Corporation Dividend Income Deduction

S Corporation Dividend Income Deduction
2024 Schedule H (100S) S Corporation Dividend Income Deduction
TAXABLE YEAR

2024

CALIFORNIA SCHEDULE

S Corporation Dividend Income Deduction

H (100S)

Attach to Form 100S. Attach additional sheets if necessary.
Corporation name

Part I

California corporation number

Elimination of Intercompany Dividends (R&TC Section 25106)
(a)
Dividend payer

(b)
Dividend payee

1
2
3
(c)
Total amount of dividends received

(d)
Amount that qualifies for 100%
elimination

(e)
Amount from column (d) paid out of
current year earnings and profits

(f)
Amount from column (d) paid out of
prior year earnings and profits

(g)
Balance
column (c) minus column (d)

1
2
3
4
Enter total amounts of each column on line 4 above. If no entry in Part III, enter total from Part I, line 4, column (d) on Form 100S, Side 2, line 9. See instructions.

Part II Deduction for Qualifying Dividends Paid to a Member of a Water’s-Edge Combined Report (R&TC Section 24411)
(Foreign dividends paid by partially included members of a water’s-edge combined report cannot be computed on this schedule.)

7841243

(a)
Dividend payer

(b)
Name of member of the water’s-edge group receiving dividend

1
2
3
(c)
(d)
Percentage of ownership of dividend payer Amount of qualifying dividends received by
payee (see instructions)

(e)
Amount from column (d) paid out of
current year earnings and profits

(f)
Amount from column (d) paid out of
prior year earnings and profits

(g)
Deductible dividends
75% of column (d) or
100% dividends from
construction projects

Schedule H (100S) 2024

1
2
3
4 Total amounts in Part II, column (g). Enter on Form 100S, Side 2, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part III Deduction for Dividends Paid to a Corporation by an Insurance Company (R&TC Section 24410)
(a)
Dividend payer

(b)
Dividend payee

1
2
3

Side 1

(c)
(d)
(e)
(f)
Percentage of ownership of dividend payer
Total insurance dividends received
Qualified dividend percentage
Amount of qualified insurance dividends
(must be at least 80%)
(see instructions)
column (d) x column (e)
1
2
3
4 Total amounts in Part III, column (g). Add Part I, line 4, column (d). Enter on Form 100S, Side 2, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(g)
Deductible dividends
85% of column (f)