Losses summary
Statement Purpose
This statement provides detailed aggregated TOFA accounting and tax adjustments for all entities within the group and allows users to make any group-level adjustments.
Data Flow
Adjusted group total is calculated as the sum of aggregated amounts for all entities within the group plus any group-level adjustments. This amount links to
Other tax adjustments
.Explanation of Fields
The statement is separated into
Domestic accounting
, Domestic tax
, and Foreign tax
sections.The
Group total
column aggregates the TOFA tax workings of all entities within the group. This separation allows you to review the aggregated TOFA tax treatment for each type of security entered from all entities within the group and make any necessary group-level adjustments.Signage
- Gains, income, non-deductible amounts should be entered as positive amounts.
- Losses should be entered as negative amounts.