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New Hampshire Free Printable DP-120 for 2024 New Hampshire Computation of S Corporation Gross Business Profit

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Computation of S Corporation Gross Business Profit
DP-120

Reset Form Print Form New Hampshire 2023 DP-120 Department of Revenue Administration *0DP1202311862* 0DP1202311862 COMPUTATION OF S CORPORATION GROSS BUSINESS PROFITS Business Organization Name MMDDYYYY MMDDYYYY Taxpayer Identification Number For the CALENDAR year 2023 or other taxable period beginning: WERE ANY DISTRIBUTIONS MADE TO NEW HAMPSHIRE SHAREHOLDERS / MEMBERS? 1 Yes No and ending: If yes, then file Form DP-9 under separate cover on or before May 1st after the end of the calendar year to report actual distributions to New Hampshire shareholders / members. S-CORP INCOME AND DEDUCTIONS FROM FEDERAL FORM 1120S, SCHEDULE K Round to the nearest whole dollar 1(a) Enter the amount of ordinary business income (loss) reported on Federal Form 1120S, Schedule K, Line 1 1(a) 1(b) Enter the amount of net rental real estate income (loss) reported on Federal Form 1120S, Schedule K, Line 2 1(b) 1(c) Enter the amount of other net rental income (loss) reported on Federal Form 1120S, Schedule K, Line 3(c) 1(c) 1(d) Enter the amount of interest income reported on Federal Form 1120S, Schedule K, Line 4 1(d) 1(e) Enter the amount of dividend income reported on Federal Form 1120S, Schedule K, Line 5(a) 1(e) 1(f) Enter the amount of royalty income reported on Federal Form 1120S, Schedule K, Line 6 1(f) 1(g) Enter the amount of net short-term capital gain reported on Federal 1120S, Schedule K, Line 7, less the amount of net long-term capital loss reported on Federal 1120S, Schedule K, Line 8a, but not less than zero 1(g) If the sum of Federal 1120S, Schedule K, Lines 7 and 8(a) gains and losses is less than zero, enter net loss 1(h) Enter the amount of net long-term capital gain reported on Federal Form 1120S, Schedule K, Line 8a, less the amount of net short-term capital loss reported on Federal 1120S, Schedule K, Line 7, but not less than zero 1(h) 1(i) Enter the amount of net §1231 gain (loss) reported on Federal Form 1120S, Schedule K, Line 9 1(i) 1(j) Enter the amount of other income (loss) reported on Federal Form 1120S, Schedule K, Line 10 1(j) 1(k) Enter the amount of any other item of income (loss) not reported on Federal Form 1120S, Schedule K, that should be included in gross business profits, including global intangible low-taxed income 1(k) 1(l) Enter the amount of Section 179 deduction reported on Federal Form 1120S, Schedule K, Line 11 1(l) 1(m) Enter the amount of charitable contributions reported on Federal Form 1120S, Schedule K, Line 12(a). Form 1120S must follow C-CORP limitations 1(m) 1(n) Enter the amount of investment interest expense reported on Federal Form 1120S, Schedule K, Line 12(b) 1(n) 1(o) Enter the amount of IRC §59(e)(2) expenditures reported on Federal Form 1120S, Schedule K, Line 12(c) 1(o) 1(p) Enter the amount of other deductions reported on Federal Form 1120S, Schedule K, Line 12(d) 1(p) 1(q) Enter the amount of foreign taxes paid or accrued as reported on Federal Form 1120S, Schedule K, Line 16(f) 1(q) 2 Combine Lines 1(a) through 1(k) and from the result subtract the sum of Lines 1(l) through 1(q). Report on NH-1120-WE, Schedule I-A, Line 2 or NH-1120 Line 1 2 File only one form combining all S-Corp entities reporting as part of the combined returns. Include a statement detailing each entity separately, similar to the method used for consolidated federal pages. DP-120 2023 Version 1 08/2023
Extracted from PDF file 2023-new-hampshire-form-dp-120.pdf, last modified August 2023

More about the New Hampshire Form DP-120 Corporate Income Tax TY 2023

We last updated the Computation of S Corporation Gross Business Profit in February 2024, so this is the latest version of Form DP-120, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DP-120 directly from TaxFormFinder. You can print other New Hampshire tax forms here.

Related New Hampshire Corporate Income Tax Forms:

TaxFormFinder has an additional 51 New Hampshire income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New Hampshire Form DP-120.

Form Code Form Name
DP-120-Inst Gross Business Profits Instructions
Form DP-120-P Computation of Partnership Gross Business Profits

Download all NH tax forms View all 52 New Hampshire Income Tax Forms


Form Sources:

New Hampshire usually releases forms for the current tax year between January and April. We last updated New Hampshire Form DP-120 from the Department of Revenue Administration in February 2024.

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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 New Hampshire Form DP-120

We have a total of nine past-year versions of Form DP-120 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2022 Form DP-120

dp-120-2022.pdf

2021 Form DP-120

dp-120-2021.pdf

2020 Form DP-120

dp-120-2020.pdf

2019 Form DP-120

dp-120-2019.pdf

2016 Form DP-120

dp-120-2015v1-1.pdf


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