SCHEDULE III: Schedule III (2024)
New Hampshire · New Hampshire DRA · Used for tax years 2024
New Hampshire Schedule III calculates net foreign dividend factor increments. It lists dividend payors, dividends, taxable income, and sales, payroll, and property amounts to calculate modified factor totals carried to Schedule II.
What you'll need
Have the following information ready to complete the schedule:
- Principal business organization name and taxpayer identification number.
- Taxable period beginning and ending dates, if not using calendar year 2024.
- Each dividend payor’s name, dividend amount, and taxable income.
- Sales and receipts, payroll, beginning property, ending property, and rents for the factor calculations.
How to file
To complete Schedule III:
- Enter the business name, taxpayer identification number, and applicable taxable period on both pages.
- Enter each payor’s information and calculate the amounts using the formulas printed in the column headings.
- Total the modified sales, modified payroll, and modified property amounts.
- Carry those totals to Schedule II, lines 1(b), 4(b), and 5(b), respectively.
Questions people ask
What does Schedule III calculate?
The schedule is titled “Net Foreign Dividend Factor Increments.” It calculates modified sales, modified payroll, and modified property amounts.
What taxable period does this version cover?
The form is for calendar year 2024 or another taxable period with beginning and ending dates entered on the form.
How is the percentage in Column D calculated?
Divide the dividend in Column B by the taxable income in Column C.
How is total property calculated?
First, add beginning property in Column G and ending property in Column H, then divide by 2 to find average property in Column I. Column J is rents multiplied by 8. Add Columns I and J to get total property in Column K.
How are the modified factor amounts calculated?
Multiply the percentage in Column D by sales and receipts in Column E for modified sales, by payroll in Column F for modified payroll, and by total property in Column K for modified property.