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SCHEDULE CO-419 Instructions
Apportionment of Foreign Dividends (for Unitary Only)
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General Information
Schedule CO-419 is used to compute the modified apportionment percentage and then the amount of foreign
dividends to be included in Vermont taxable income for all taxable affiliates in the group.
Prior to completing Schedule CO-419, first complete Schedule BA-402, Apportionment & Allocation Schedule,
and Schedule CO-420, Foreign Dividend Factor Increments (for Unitary only), for each entity that
pays dividends to the group.
• From the completed Schedule BA-402, enter the amounts from Lines 13A and 13B to
Schedule CO-419, Lines 1A and 1B, respectively. Make sure that the entity name and
FEIN match on both forms.
• Complete Schedule(s) CO-420. The amounts calculated on Schedule(s) CO-420 must
be carried to Schedule CO-419.
INSTR (Place at FIRST page)
• Schedule CO-420 is used to determine factor increments to adjust the apportionment Instr. pages
percentage for foreign dividends. It is not required. If not prepared, the apportionment
percentage applied to foreign dividends will be the same as that calculated on the
taxpayer’s Schedule BA-402.
If there is only one entity paying foreign dividends, and therefore a single Schedule CO-420, the
1 - 2
increment reported on Schedule CO-419, Line 2, is carried forward from Schedule CO-420, Line 10.
If there are multiple entities paying foreign dividends, the increments reported on Schedule CO-419,
Line 2, will be the sum of the values of Lines 10 and 20 from all Schedules CO-420 attached to the
return.
Line-by-Line Instructions
Line 1 Transcribe amounts from Schedule BA-402, Lines 13A and 13B.
Line 2 Enter the Sales Increment. Schedule CO-420, Line 10, or the sum of Lines 10 and 20 of all
Schedules CO-420, if there are more than one.
Line 3 Add Lines 1A and 2A. Enter the result here.
Line 4 Line 1B divided by Line 3A. Multiply the result by 100 and carry the result out to the sixth decimal
place.
Line 5 Enter the amount of taxable foreign dividends which qualify for factor relief here. This amount
must agree with Schedule(s) BA-402, Part 1, Line 2A and Form CO-411, Corporate Income Tax
Return, Line 4d.
Line 6 Multiply Line 5 by the modified apportionment percentage on Line 4. This is the Vermont Foreign
Dividends Taxable Income. Enter this amount here and also on Schedule BA-402, Part 1, Line 2B.
The amount will carry forward to Form CO-411, Line 9.
Schedule CO-419 Instructions
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http://tax.vermont.gov Rev. 10/23
