Under what circumstances is the dividendsreceived deduction on a given dividend received not available?
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Under what circumstances is the dividendsreceived deduction on a given dividend received not available?
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The dividends received deduction DRD is a tax provision in the United States that allows corporations receiving dividends from other corporations to exclude a portion of those dividends from taxable income However there are circumstances under which the DRD may not be available or may be limited Here are some common scenarios NonQualifying Dividends The DRD typically applies only to dividends received from domestic corporations and certain qualified foreign corporations Dividends received from partnerships most foreign corporations and certain other entities may not qualify for the deduction Holding Period Requirements To qualify for the DRD the recipient corporation ...View the full answer
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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