CO-419: Apportionment of Foreign Dividends (for Unitary-Combined only) (2024)
Vermont · Vermont Department of Taxes · Used for tax years 2024
Vermont Schedule CO-419 is used by unitary filers to calculate Vermont foreign dividends taxable income. It uses income, sales, gross receipts, and sales increments to calculate a modified sales factor and apply it to foreign dividends.
Who files this form
The 2024 Vermont Schedule CO-419, Vermont Apportionment of Foreign Dividends, is for unitary filers only. The schedule says to include it with Form CO-411.
What you'll need
Have these forms and details ready:
- Schedule BA-402: Lines 13A and 13B for total income, sales, and gross receipts, and Line 2A for foreign dividends.
- All attached Schedules CO-420: Both Lines 10 from each schedule for the sales increment.
- Form CO-411: Use the same entity name and enter the CO-419 result on Line 9.
- Entity details: Entity name, FEIN, and fiscal year ending in YYYYMMDD format.
How to file
Complete the 2024 schedule as follows:
- Enter the entity name, fiscal year ending, and FEIN.
- Copy Schedule BA-402, Lines 13A and 13B, to Lines 1A and 1B.
- Add both Lines 10 from all attached Schedules CO-420 and enter the total on Line 2A.
- Add Lines 1A and 2A to get Line 3A.
- Divide Line 1B by Line 3A, then multiply by 100. Enter the percentage on Line 4, carrying it to the sixth decimal place.
- Enter foreign dividends from Schedule BA-402, Line 2A, on Line 5.
- Multiply Line 5 by the percentage on Line 4 to get Line 6. Enter that result on Schedule BA-402, Line 2B, and Form CO-411, Line 9.
Include Schedule CO-419 with Form CO-411. The supplied text does not give a mailing address or e-filing instructions.
Common mistakes
Follow these printed reminders:
- Use the same entity name as on Form CO-411.
- Include Schedule CO-419 with Form CO-411.
- Enter the Line 6 result on both Schedule BA-402, Line 2B, and Form CO-411, Line 9.
Questions people ask
What do the columns mean?
Column A is Everywhere, the denominator. Column B is Vermont, the numerator. Column C shows Vermont as a portion of Everywhere.
How do I calculate the modified sales factor?
Divide Line 1B by Line 3A, then multiply by 100. Carry the result to the sixth decimal place on Line 4.
Where do I get the foreign dividends amount?
Use Schedule BA-402, Line 2A, for Line 5. The schedule identifies these as foreign dividends defined in Reg § 1.5862(d).
Where does the Vermont foreign dividends taxable income go?
The amount calculated on Line 6 goes on Schedule BA-402, Line 2B, and Form CO-411, Line 9.