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3 NEAR FINAL DRAFT 8/1/24 3
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2024 DIV, Deduction for Dividends Received
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10 Complete Schedule DIV to determine your deduction for dividends received. 10
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NAME OF CORPORATIONXXXXXXXXXXXXXXXXXXXX 123456789 123456789
16 Name of Corporation/Designated Filer FEIN Minnesota Tax ID Number 16
17 You must round amounts 17
18 to nearest whole dollar. 18
19 1 Total dividends and inclusions 19
20 (from federal Form 1120, line 4; unitary businesses, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 123456789 20
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22 2 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 22
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24 3 This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 24
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26 4 Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 123456789 26
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28 5 Dividends from less-than-20-percent-owned companies . . . . . . . . . . . . . . 5 123456789 28
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30 6 Dividends from foreign sales corporations . . . . . . . . . . . . . . . . . . . . . . . . . . 6 30
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32 7 Combined intercompany dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 123456789 32
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34 8 Gross-up for foreign taxes deemed paid . . . . . . . . . . . . . . . . . . . . . . . . . . 8 . . 123456789 34
35 (from federal Form 1120, Sch. C, line 18) 35
36 9 Dividends received from a real estate investment trust (REIT) . . . . . . . . . 9 . 123456789 36
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38 10 Dividends on debt-financed stock 38
39 (see inst.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 123456789 39
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41 11 Other dividends not already listed on line 5 through 10 41
42 (see inst.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 123456789 42
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44 12 Total subtractions (add lines 5 through 11) . . . . . . . . . . . . . . . . . . . . . . . . 12 123456789 44
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46 13 Dividends subject to 50 percent deduction 46
47 (subtract line 12 from line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 123456789 47
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49 14 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 50% 49
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51 15 Minnesota deduction (multiply line 13 by line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 51
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52 16 Dividends from less-than-20-percent-owned companies 52
53 (from line 5 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 123456789 53
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55 17 Deduction percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 40% 55
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57 18 Minnesota deduction (multiply line 16 by line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 123456789 57
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59 19 Dividends subject to apportionment (add lines 15 and 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 123456789 59
60 Use this amount to calculate Form M4T, line 8. 60
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63 9995 63
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