- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Small business declares dividends - eligible or ineligible dividends
Small business is incorporated.
Are the declared dividends ineligible or eligible dividends?
June 3, 2022
9:58 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Getting started
Eligible dividends are "grossed-up" to reflect corporate income earned, and then a dividend tax credit is included to reflect the higher rate of corporate taxes paid. Non-eligible dividends are received from small business corporations that earn under $500,000 of net income (most companies).
Thank you for choosing TurboTax.
June 8, 2022
7:37 AM