New Hampshire Computation of S Corporation Gross Business Profit

Computation of S Corporation Gross Business Profit
DP-120
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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