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Functionality

General Tab

Use the General tab to enter a
Profile Description
 and make the following selections to complete the profile.
Data Movement
: Use
Gross Balances
 to transfer balances or
Net Adjustments
 to transfer calculated values.

Gross Balances

  • Transfers Federal data.
  • Transfers Federal data to the following State data fields: State NOL's, State Credits, and State Bonus Depreciation.
  • State only modifications do not transfer because:
    1. State activation can vary between the Source and Target units.
    2. Partnerships consider different tax laws for states than federal.

Net Adjustments

Transfers Federal and State data. You can select a State to receive data.
Jurisdictions
: Use
Federal
 or
State
 (transfers State only modifications). Keep in mind that you cannot select the State option when transferring Gross Balances.
Source Classes
: Use
All
 or
Selected Classes
 to transfer data associated with a class.
  • Use
    Flip Selection
     to reverse the class assignments.
  • Use
    Target Class
     to assign a target class to appear in the Target unit. Use an existing class or add a new class for the Flow-Through process. The system automatically assigns a subclass in the Target Unit using the Source Unit code and description.
  • Use
    Elimination Class
     to assign elimination entries at the source unit. You can use the same "Source" class for the Target and Elimination Class.
    • Use
      Details
       for the detailed elimination balances for the Source Unit.
    • Use
      Summary by Source
       for the summary using the component code for the elimination entry at the source unit.
    • Use
      Summary by Target
       for the summary using the mapped target component code for the elimination entry at the source unit.

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision