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Net Adjustments

When you select
Net Adjustments
, the system calculates the values for current and deferred taxes for the Flow-Through configurations. The calculated values are transferred to a selected target unit. By selecting the appropriate Components, you can define current taxes as deferred taxes. For the State, you can select a state for the state taxes.
To make the Net Adjustments tab available:
  1. Select
    Net Adjustments
     in the General page.
  2. For Federal, select the Target Adjustment
    Component
     code, and
    Type
    for each tax affected value to appear in the target unit.
  3. For the State value, select the Target Adjustment
    Component
     code,
    Type
    and
    State
    for each tax affected value to appear in the target unit.

Federal & State Net Adjustments

For the following options, select the
Component
 and
Type
.
  • Target Adjustment for Federal Current Taxes
  • Target Adjustment for Federal Deferred
  • Target Adjustment for Federal Equity
For the following options, select the
Component
,
Type
, and
State
.
  • Target Adjustment for State Current Taxes
  • Target Adjustment for State Deferred Taxes
  • Target Adjustment for State Equity

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision