Form 100S Schedule H "S Corporation Dividend Income Deduction" - California

What Is Form 100S Schedule H?

This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California.The document is a supplement to Form 100S, California S Corporation Franchise or Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • The latest edition provided by the California Franchise Tax Board;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form 100S Schedule H by clicking the link below or browse more documents and templates provided by the California Franchise Tax Board.

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Download Form 100S Schedule H "S Corporation Dividend Income Deduction" - California

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TAXABLE YEAR
CALIFORNIA SCHEDULE
S Corporation Dividend Income Deduction
2020
H (100S)
Attach to Form 100S. Attach additional sheets if necessary.
Corporation name
California corporation number
Part I
Elimination of Intercompany Dividends (R&TC Section 25106)
(a)
(b)
Dividend payer
Dividend payee
1
2
3
(c)
(d)
(e)
(f)
(g)
Total amount of dividends received
Amount that qualifies for 100%
Amount from column (d) paid out of
Amount from column (d) paid out of
Balance
elimination
current year earnings and profits
prior year earnings and profits
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.)
(a)
(b)
Dividend payer
Name of member of the water’s-edge group receiving dividend
1
2
3
(c)
(d)
(e)
(f)
(g)
Percentage of ownership of dividend payer
Amount of qualifying dividends received by
Amount from column (d) paid out of
Amount from column (d) paid out of
Deductible dividends
payee (see instructions)
current year earnings and profits
prior year earnings and profits
75% of column (d) or
100% dividends from
construction projects
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)
(b)
Dividend payer
Dividend payee
1
2
3
(c)
(d)
(e)
(f)
(g)
Percentage of ownership of dividend payer
Total insurance dividends received
Qualified dividend percentage
Amount of qualified insurance dividends
Deductible dividends
(must be at least 80%)
(see instructions)
column (d) x column (e)
85% of column (f)
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TAXABLE YEAR
CALIFORNIA SCHEDULE
S Corporation Dividend Income Deduction
2020
H (100S)
Attach to Form 100S. Attach additional sheets if necessary.
Corporation name
California corporation number
Part I
Elimination of Intercompany Dividends (R&TC Section 25106)
(a)
(b)
Dividend payer
Dividend payee
1
2
3
(c)
(d)
(e)
(f)
(g)
Total amount of dividends received
Amount that qualifies for 100%
Amount from column (d) paid out of
Amount from column (d) paid out of
Balance
elimination
current year earnings and profits
prior year earnings and profits
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.)
(a)
(b)
Dividend payer
Name of member of the water’s-edge group receiving dividend
1
2
3
(c)
(d)
(e)
(f)
(g)
Percentage of ownership of dividend payer
Amount of qualifying dividends received by
Amount from column (d) paid out of
Amount from column (d) paid out of
Deductible dividends
payee (see instructions)
current year earnings and profits
prior year earnings and profits
75% of column (d) or
100% dividends from
construction projects
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)
(b)
Dividend payer
Dividend payee
1
2
3
(c)
(d)
(e)
(f)
(g)
Percentage of ownership of dividend payer
Total insurance dividends received
Qualified dividend percentage
Amount of qualified insurance dividends
Deductible dividends
(must be at least 80%)
(see instructions)
column (d) x column (e)
85% of column (f)
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .