Use the California Tax Form Calculator California Tax Form 100wsh: Dividend Income Deduction — Water’s-Edge Filers as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 California state tax return.
| Part I Elimination of Intercompany Dividends (R&TC Section 25106) | |||||
| (a) Dividend payer | (b) Dividend payee | ||||
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| (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) | |
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| Enter total amounts of each column on line 4 above. Enter total from Part I, line 4, column (d) on Form 100W, Side 2, line 10 | |||||
| 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 | ||||
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| (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 column (d) X .75 or 75% dividends from construction projects | |
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| Part III Deduction for Dividends Paid to a Corporation by an Insurance Company (R&TC Section 24410) | |||||
| (a) Dividend payer | (b) Dividend payee | ||||
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| (c) Percentage of ownership of dividend payer (must be at least 80%) | (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) | |
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