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Minnesota Free Printable 2020 Form DIV, Deduction for Dividends Received for 2022 Minnesota Deduction for Dividends Received

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Deduction for Dividends Received
2020 Form DIV, Deduction for Dividends Received

2021 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 included in federal income (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 Gross-up for foreign taxes deemed paid . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 (from federal Form 1120, Sch. C, line 18) 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 80 percent deduction (subtract line 12 from line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 80% 15 Minnesota deduction (multiply line 13 by line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Dividends from less-than-20-percent-owned companies (from line 5 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 70% 18 Minnesota deduction (multiply line 16 by line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Dividends subject to apportionment (add lines 15 and 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Use this amount to calculate Form M4T, line 8. 9995 2021 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. 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 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 17 - Global Intangible Low-Taxed Income (GILTI) • Line 20 - Other dividends
Extracted from PDF file 2021-minnesota-form-div.pdf, last modified October 2020

More about the Minnesota Form DIV Corporate Income Tax TY 2021

We last updated the Deduction for Dividends Received in January 2022, so this is the latest version of Form DIV, fully updated for tax year 2021. 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 M3-M3A Partnership Return
Form M8 S Corporation Return (M8 and M8A)
Form M4NP Unrelated Business Income Tax (UBIT) Return
Form M4 Instructions Corporation Franchise Tax Return (M4) Instructions
Form KPI Partner's Share of Income, Credits and Modifications

Download all MN tax forms 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 January 2022.

Show Sources >

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 ten 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:


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

Deduction for Dividends Received 2014 Form DIV

2011 DIV, Deduction for Dividends Received

PDF Form Pack generated by formuPack 2012 Form DIV

PDF Form Pack

2011 Form DIV

2011 DIV, Deduction for Dividends Received


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