Discussion Archives:DPAD with controlled group corporations

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Discussion Forum Index --> Advanced Tax Questions --> DPAD with controlled group corporations

Discussion Forum Index --> Tax Questions --> DPAD with controlled group corporations

Kathyt (talk|edits) said:

17 August 2011
I have 4 brother-sister corps; 2 are C corps the other 2 are S Corps. The two C corps qualify for the Domestic Production Activities deduction while the 2 S Corps do not. I know that for the DPAD you file one 8903 for all members of a controlled group, but I'm getting a little confused, I guess I have to use the income from the 2 S-corps (for total gross receipts and zero for Domestic Production Gross Receipts) which would lower the ration of DPGR to total receipts.

But then I also have to use the schedule O, and when I use that I do not use the 2 S Corps as memebers of the controlled group. In Lacerte the only place I see to enter the income from other members of the group is in the screen for schedule O, which will make the S-Corps show up on the 8903 but then they also show up on the schedule O. Is my thinking right on this? If so does anyone know how to make it work in Lacerte?

Kathyt (talk|edits) said:

17 August 2011
Now I'm not sure I am thinking right on this, does the S-corp (income) information go on the C-corps form 8903? Now I am really confused because I just realized the S corp does not even file a 8903 but passes that info on to the shareholder.
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