Dividends received deduction (DRD) percentages in effect are 50 percent for ownership less than 20...
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Dividends received deduction (DRD) percentages in effect are 50 percent for ownership less than 20 percent, 65 percent for ownership between 20 and 80 percent, and 100 percent for ownership at 80 percent or above).
Willow Inc. owns 10 percent of the Persimmon Inc. stock. Persimmon distributed a $350,000 dividend to Willow. Willow's loss is ($50,000) before the following items: the dividend income, the DRD, and a $20,000 charitable contribution deduction. What is Willow's DRD?
Select one:
A. $280,000
B. $150.000
C. $175,000
D. $140.000
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