SCT-SSA: S Corporation Schedule A Return (Revision)
Delaware · Delaware Division of Revenue · Used for tax years 2024
Delaware Form SCT-SSA reconciles an S corporation’s ordinary income to total net income for 2024. It reports total and Delaware income, additions, and subtractions to calculate the Delaware net income or loss entered on Form SCT-RTN, Line 1.
Who files this form
The 2024 SCT-SSA is an S corporation schedule for reconciling ordinary income to total net income. It includes total amounts and amounts within Delaware.
The form does not state which S corporations are required to file it.
What you'll need
Have these forms and details available:
- Federal Form 1120S, Schedule K: The form uses income, gain, loss, and deduction amounts from this schedule.
- Delaware Form SCT-RTN, Schedule 1D, line 8: This provides the apportionment percentage.
- A schedule for other income or loss: Line 12 says to attach a schedule for the amount from federal Schedule K, line 10.
- Corporation details: The S corporation’s name, taxpayer ID, and fiscal-year beginning and ending dates, if applicable.
- Applicable business expense amounts: Line 18 covers ordinary and necessary business expenses not allowed on the federal return for a Delaware-licensed marijuana-related business.
Questions people ask
Where does the ordinary income or loss amount come from?
Enter the amount from Federal Form 1120S, Schedule K, line 1, on SCT-SSA line 1.
How do I calculate ordinary income apportioned to Delaware?
Enter the apportionment percentage from Form SCT-RTN, Schedule 1D, line 8, on SCT-SSA line 2. Multiply line 1 by line 2 and enter the result on line 3.
What goes in the two columns on line 3a?
Enter the amount from line 1 in Column A, labeled “Total.” Enter the amount from line 3 in Column B, labeled “Within Delaware.”
How do I calculate total net income or loss, and where does it go?
Add lines 3a through 12 to get line 13. Add lines 14 through 18 to get line 19. Subtract line 19 from line 13 to get total net income or loss on line 20. Enter the Column B amount from line 20 on Form SCT-RTN, line 1.