SCT-RTN: S Corporation Reconciliation and Shareholders Return (Revision)
Delaware · Delaware Division of Revenue · Used for tax years 2024
Delaware Form SCT-RTN is the 2024 S Corporation Reconciliation and Shareholders Information Return. It reports income adjustments, distributive income, Delaware apportionment, and tax, payments, and credits on behalf of nonresident shareholders.
Who files this form
Form SCT-RTN is Delaware’s S Corporation Reconciliation and Shareholders Information Return for tax year 2024. It includes calculations for tax paid on behalf of non-resident shareholders.
The form does not state detailed filing requirements or exemptions.
What you'll need
- A completed copy of federal Form 1120S, which must be attached.
- Form SCT-SSA, Column B, Line 20, for the total net income entered on Line 1.
- Estimated tax payment information from Form SCT-TAX for payments made on behalf of non-resident shareholders.
- The percentage of stock owned by non-resident shareholders and amounts for the listed income adjustments and tax credits.
- A schedule supporting any other payments reported on Line 12.
- Property, payroll, gross receipts and gross income information for Schedule 1. Attach a statement for gross income from other sources.
You will also need the corporation’s taxpayer ID, addresses, incorporation details and nature of business.
How to file
Complete the return and its schedules, attach a completed federal Form 1120S, and have an officer sign and date the return. Complete the paid preparer information if applicable. Keep a copy for your records.
If Line 8 is greater than Line 13, enter the difference on Line 14 and pay it in full.
Mail the completed form with remittance payable to:
Delaware Division of Revenue
PO Box 2044
Wilmington, DE 19899-2044
Common mistakes
- Forgetting to sign the return. The form specifically reminds you to sign before filing.
- Not keeping a copy. Keep a copy of the return for your records.
- Leaving out federal Form 1120S. Attach a completed copy.
- Expecting an estimated tax overpayment refund directly to the S corporation. The form says no refund will be issued directly to the corporation for estimated tax overpaid on behalf of non-resident shareholders.
Questions people ask
How is tax on behalf of non-resident shareholders calculated?
Multiply distributive income on Line 5 by the percentage of stock owned by non-residents on Line 6. Enter the result on Line 7, then multiply it by 6.60% to calculate the tax on Line 8.
What happens if total payments and credits exceed the tax on Line 8?
If Line 13 is greater than Line 8, the form says the amount on Line 13 will be the estimated tax proportionally claimed by the non-resident shareholders when they file their Delaware non-resident personal income tax returns. The S corporation will not receive a direct refund of estimated tax overpaid on their behalf.
Where does the total net income on Line 1 come from?
Use Form SCT-SSA, Column B, Line 20.
Can I mark this as an amended return?
Yes. The form includes an “Amended Return” checkbox.