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California Tax Form 100ssh: S Corporation Dividend Income Deduction

Use the California Tax Form Calculator California Tax Form 100ssh: S Corporation Dividend Income Deduction as a stand alone tax form calculator to quickly calculate specific amounts for your 2018 California state tax return. California Tax Form 100ssh: S Corporation Dividend Income Deduction is also integrated into our comprehensive California State Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and California State Tax Estimator to quickly calculate your salary, tax and take home pay in California.

S Corporation Dividend Income Deduction
Part I Elimination of Intercompany Dividends (R&TC Section 25106)
(a)
Dividend payer
(b)
Dividend payee
1
2
3
(c)
Total amount of dividends received
(d)
Amount that qualifies for 100% elimination
(e)
Amount from column (d) paid out of current year earnings and profits
(f)
Amount from column (d) paid out of prior year earnings and profits
(g)
Balance 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)
Dividend payer
(b)
Name of member of the water’s-edge group receiving dividend
1
2
3
(c)
Percentage of ownership of dividend payer
(d)
Amount of qualifying dividends received by payee (see instructions)
(e)
Amount from column (d) paid out of current year earnings and profits
(f)
Amount from column (d) paid out of prior year earnings and profits
(g)
Deductible dividends 75% of column (d) or 100% dividends from construction projects
1
2
3
4
Part III Deduction for Dividends Paid to a Corporation by an Insurance Company (R&TC Section 24410)
(a)
Dividend payer
(b)
Name of member of the water’s-edge group receiving dividend
1
2
3
(c)
Percentage of ownership of dividend payer (must be at least 30%)
(d)
Total insurance dividends received
(e)
Qualified dividend percentage (see instructions)
(f)
Amount of qualified insurance dividends column (d) x column (e)
(g)
Deductible dividends 85% of column (f)
1
2
3
4

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California State tax calculators: Online S Corporation Dividend Income Deduction, complete, calculate, print or save for later use. California Tax Form Calculator