What is the amount of the dividends received deduction

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Question - Parrot, Owl and Heron Corporations, 3 unrelated calendar year corps., have the following info for the year (2020). Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends.

Parrot Owl Heron

Gross income from operations$700,000 $800,000 $900,000

Expenses from operations (600,000) (860,000) (910,000)

Divs received from corporations-less than 20% 100,000 100,000 100,000

Required - What is the amount of the dividends received deduction for Owl Corporation, a calendar year C Corporation?

Reference no: EM132638404

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