500ADJS: Corporation Supplemental Schedule of Adjustments (2024)
Virginia · Virginia Tax · Used for tax years 2024
Virginia Schedule 500ADJS is a supplemental schedule for reporting corporation income tax additions to and subtractions from federal taxable income for 2024. It lists adjustment codes and dollar amounts, with totals carried to Schedule 500ADJ.
Who files this form
Use Schedule 500ADJS if you are claiming more additions or subtractions than Schedule 500ADJ allows. Use additional Schedules 500ADJS if necessary.
What you'll need
Have the following information ready:
- Your name as shown on Form 500 and your FEIN.
- The codes and dollar amounts for your additions and subtractions.
The form directs you to the Form 500 Instructions for addition and subtraction codes.
Questions people ask
What is Schedule 500ADJS used for?
It provides extra space for additions to and subtractions from federal taxable income when Schedule 500ADJ does not have enough room.
Where does the total for additions go?
Add Section A, Lines 1–15, and enter the result on Line 16. Include that amount in the total additions on Schedule 500ADJ, Section A, Line 7.
Where does the total for subtractions go?
Add Section B, Lines 1–15, and enter the result on Line 16. Include that amount in the total subtractions on Schedule 500ADJ, Section B, Line 10.
Where can I find the adjustment codes?
Refer to the Form 500 Instructions for addition and subtraction codes.
Can I use more than one Schedule 500ADJS?
Yes. The form says to use additional Schedules 500ADJS if necessary.