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Level 1
February 29, 2020
Solved

Reporting the Corporate Received Deduction (DRD) Amounts

  • February 29, 2020
  • 1 reply
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What is DRD?  I see a report that indicates says "Factor Eligible for Exclusion" and Dividends Eligible for DRD.  I didn't get any Turbo Tax questions related to DRD like I did for exclusions related to State Tax deductions for US Gov Interest or Foreign tax deductions.  I searched the web but didn't get any answers as to what it is, how to report it or should I just ignore it?

 

    Best answer by Anonymous_

    The DRD (dividends received deduction) is applicable to corporations.

     

    See https://www.law.cornell.edu/uscode/text/26/243

    1 reply

    Level 15
    February 29, 2020

    The DRD (dividends received deduction) is applicable to corporations.

     

    See https://www.law.cornell.edu/uscode/text/26/243