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Can S Corp claim dividend exclusion for the dividend it received?
We have a S Corp that received dividends last year. I read from IRS that Corporations are eligible for Dividend Received Deduction with variable percentages. The S corp is 100% owned by an individual.
Can the S Corp claim Dividend Received Deduction? I did not see any place we can make the deduction in Turbo Tax. Or we should just report the portion of dividends after deduction?
Thank you very much.
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‎August 22, 2022
9:00 AM