NEAR FINAL DRAFT 8/1/24

2024 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 and inclusions  
    (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 50 percent deduction  
    (subtract line 12 from line 4) . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . 13  
 
 14 Deduction percentage   . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  .  .  14                     50%
 
 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                     40%
 
 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.

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