SCHEDULE II: Schedule II (2025)
New Hampshire · New Hampshire DRA · Used for tax years 2025
New Hampshire’s 2025 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
Schedule II uses figures from these forms:
- Form DP-80: Line 1 for sales, Line 2 for payroll, and Line 3 for property.
- Schedule III: Column B for foreign dividends and Columns L, M, and N for the foreign dividend sales, payroll, and property factor increments.
- Form NH-1120-WE: Line 11(d) to match the foreign dividends amount. The amount calculated on Schedule II, Line 3, goes on Form NH-1120-WE, Line 16.
You also need the principal business organization name, taxpayer identification number, and the taxable period.
Common mistakes
- Foreign dividend amounts that do not match: Schedule II, Line 2, must agree with Form NH-1120-WE, Line 11(d), and the total of Schedule III, Column B.
- Using the wrong decimal precision: The form directs you to express the ratios on Lines 1(d), 4(d), and 5(d) to six decimal places.
- Missing the transfer to the return: Enter the amount from Schedule II, Line 3, on Form NH-1120-WE, Line 16.
Questions people ask
What is Schedule II used for?
The form is titled “Apportionment of Foreign Dividends.” It calculates New Hampshire foreign dividends taxable business profits on Line 3.
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 Lines 1(a) and 1(b) to get Line 1(c).
How do I calculate the New Hampshire sales ratio?
Divide the New Hampshire amount on Line 1(c) by the Everywhere amount on Line 1(c). 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 ratio on Line 1(d). Enter the result on Line 3 and on Form NH-1120-WE, Line 16.