Does the corporate dividend exclusion rule only apply to C Corps & S Corps or do they also apply to an LLC, general partnership, limited partnership, or sole proprietorship?
1 Like
Hi @Panicky_scarlet_stor - great question. The corporate dividend exclusion rule only applies to C-corps, not S-corps or any other business form. I’ve updated our material with a footnote on this, although I wouldn’t expect the test to cover this level of detail on the rule.
Cheers!
1 Like