SCHEDULE II: Schedule II (2024)
New Hampshire · New Hampshire DRA · Used for tax years 2024
New Hampshire’s 2024 Schedule II calculates the apportionment of foreign dividends. It reports adjusted sales, payroll, and property factors and calculates New Hampshire foreign dividends taxable business profits for Form NH-1120-WE.
What you'll need
Have these forms and details available to complete Schedule II:
- Form DP-80: Lines 1, 2, and 3 provide the sales, payroll, and property amounts.
- Schedule III: Columns L, M, and N provide the foreign dividend sales, payroll, and property factor increments. The total of Column B must agree with Schedule II, Line 2.
- Form NH-1120-WE: Line 11(d) must agree with Schedule II, Line 2. The result from Schedule II, Line 3 goes on Line 16 of this form.
- Business details: The principal business organization name, taxpayer identification number, and beginning and ending dates if using a taxable period other than calendar year 2024.
Common mistakes
Check that the foreign dividends amount on Schedule II, Line 2 agrees with both Form NH-1120-WE, Line 11(d) and the total of Schedule III, Column B. The form explicitly requires these amounts to match.
Questions people ask
What is Schedule II used for?
It apportions foreign dividends and calculates New Hampshire foreign dividends taxable business profits.
How do I calculate the adjusted sales factor?
On Line 1(a), enter the amounts from Form DP-80, Line 1. On Line 1(b), enter the total foreign dividend sales factor increment from Schedule III, Column L. Add those lines to get Line 1(c). Then divide the New Hampshire amount on Line 1(c) by the Everywhere amount on that line and enter the result on Line 1(d), expressed to six decimal places.
How do I calculate New Hampshire foreign dividends taxable business profits?
Multiply the foreign dividends on Line 2 by the factor on Line 1(d). Enter the result on Line 3 and on Form NH-1120-WE, Line 16.
Where do the payroll and property amounts come from?
For payroll, use Form DP-80, Line 2 and the total foreign dividend payroll factor increment from Schedule III, Column M. For property, use Form DP-80, Line 3 and the total foreign dividend property factor increment from Schedule III, Column N. Schedule II provides separate Everywhere and New Hampshire columns for these calculations.