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Minnesota Deduction for Dividends Received
Extracted from PDF file 2023-minnesota-form-div.pdf, last modified September 2022Deduction for Dividends Received
2023 DIV, Deduction for Dividends Received Complete Schedule DIV to determine your deduction for dividends received. Name of Corporation/Designated Filer FEIN Minnesota Tax ID Number You must round amounts to nearest whole dollar. 1 Total dividends and inclusions (from federal Form 1120, line 4; unitary businesses, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Dividends from less-than-20-percent-owned companies . . . . . . . . . . . . . . 5 6 Dividends from foreign sales corporations . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Combined intercompany dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Dividends received from a real estate investment trust (REIT) . . . . . . . . . 9 10 Dividends on debt-financed stock (see inst.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Other dividends not already listed on line 5 through 10 (see inst.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Total subtractions (add lines 5 through 11) . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Dividends subject to 50 percent deduction (subtract line 12 from line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 50% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 . . . . . . . . . . 16 17 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 40% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Use this amount to calculate Form M4T, line 8. 9995 2023 Schedule DIV Instructions Complete Schedule DIV to determine your deduction for dividends received. Purpose of Schedule DIV Use Schedule DIV, Deduction for Dividends Received, to calculate your deduction for dividends received by a member of your combined group. The dividend must be paid by a corporation outside the combined group. The dividend received deduction is allowed for dividends that are included in the corporation’s Minnesota taxable net income for the taxable year. For tax years beginning after December 31, 2022, Global Intangible Low Taxed Income is included in the calculation of Minnesota dividends for the Dividend Received Deduction. The dividends received deduction is not allowed if the corporation does one of the following: • Includes the stock in its inventory • Holds the stock primarily for sale to customers in the ordinary course of business • Conducts business that consists mainly of holding the stocks and collecting income and gains from them Line Instructions Line 1 Enter your dividends and inclusions received from federal Form 1120, line 4. Unitary businesses: Enter the sum of the dividends received by each corporation included on your combined return. Line 7 Enter any dividends from line 1 that are received by a corporation included on your combined return from a corporation included on your combined return. Line 10 Enter any dividends included on line 1 that are received on debt-financed stock under IRC section 246A and not allowed a federal dividends received deduction. Line 11 Enter any dividends included on line 1 from federal Form 1120, Schedule C: • Amount of Section 965(a) inclusion • Line 20 - Other dividends
2023 Form DIV, Deduction for Dividends Received
More about the Minnesota Form DIV Corporate Income Tax TY 2023
We last updated the Deduction for Dividends Received in February 2024, so this is the latest version of Form DIV, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DIV directly from TaxFormFinder. You can print other Minnesota tax forms here.
Other Minnesota Corporate Income Tax Forms:
TaxFormFinder has an additional 95 Minnesota income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form M8 | S Corporation Return (M8 and M8A) |
| Form KF | Beneficiary's Share of Minnesota Taxable Income |
| Form KS | Shareholder's Share of Income, Credits and Modifications |
| Form DIV | Deduction for Dividends Received |
| Form REC | Reconciliation |
View all 96 Minnesota Income Tax Forms
Form Sources:
Minnesota usually releases forms for the current tax year between January and April. We last updated Minnesota Form DIV from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Minnesota Form DIV
We have a total of twelve past-year versions of Form DIV in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form DIV
2023 Form DIV, Deduction for Dividends Received
2022 Form DIV
2022 Form DIV, Deduction for Dividends Received
2021 Form DIV
2020 Form DIV, Deduction for Dividends Received
2020 Form DIV
2020 Form DIV, Deduction for Dividends Received
2019 Form DIV
2019 Form DIV, Deduction for Dividends Received
2018 Form DIV
2018 Form DIV, Deduction for Dividends Received
2017 Form DIV
2016 Form DIV, Deduction for Dividends Received
2016 Form DIV
2016 Form DIV, Deduction for Dividends Received
2015 Form DIV
2015 Form DIV, Deduction for Dividends Received
2014 Form DIV
2011 DIV, Deduction for Dividends Received
2012 Form DIV
PDF Form Pack
2011 Form DIV
2011 DIV, Deduction for Dividends Received
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