500A: Multistate Corporation Allocation and Apportionment of Income (2025)
Virginia · Virginia Tax · Used for tax years 2025
Virginia Schedule 500A calculates a corporation’s allocation and apportionment of income for 2025. It reports apportionment factors, nonapportionable income, and income subject to Virginia tax for use on Form 500.
Who files this form
Virginia Schedule 500A is for corporation allocation and apportionment of income. It uses income from Form 500 to calculate income subject to Virginia tax.
The form lists methods for motor carriers, financial corporations, construction corporations, railway companies, retail companies, debt buyers, manufacturers electing modified apportionment, and certain enterprise data center operations. It also includes a multi-factor method with double-weighted sales.
The form does not state a general filing requirement.
What you'll need
Have the information requested on the form ready:
- The corporation’s name as shown on Form 500 and its FEIN.
- Virginia taxable income from Form 500, Line 7.
- Total and Virginia amounts for the applicable single factor, or for property, payroll, and sales under the multi-factor method.
- Dividend amounts and any nonapportionable investment function income or loss.
- For a manufacturer electing modified apportionment, the beginning date of the election year and information needed for the annual wage and employment certification.
No separate supporting-document list is printed on the form.
Common mistakes
- Do not overlook the checkbox if filing a consolidated or combined return.
- Motor carriers: if an exception applies, check the applicable exception box.
- Manufacturers using modified apportionment: the wage and employment certification is required each year. The certification covers both the wage requirement and average annual full-time employment of at least 90% of base-year employment.
- If reporting other income on Section B, Line 3(i), check the box on that line.
Questions people ask
How does the double-weighted sales calculation work?
Multiply the sales factor on Line 2(c) by 2. Add the property factor, payroll factor, and double-weighted sales factor. Divide that sum by 4, reduced by the number of factors, if any, having no denominator.
Where do I get the starting taxable income?
Enter Virginia taxable income from Form 500, Line 7, on Schedule 500A, Section B, Line 3(a).
Where do I report nonapportionable investment function income or loss?
Report the income on Section B, Line 3(c), and carry it to Form 500, Line 8(c). Report the loss on Section B, Line 3(e), and carry it to Form 500, Line 8(d).
Where does the final income subject to Virginia tax go?
Add Section B, Lines 3(h) and 3(i), and enter the result on Line 3(j). Carry that amount to Form 500, Line 8(a).