Example sharing data across consolidated returns
Use case:
Top consolidation and subsidiary members filing a consolidated federal and California returns and 1 subsidiary filing a separate return for New Jersey.For this example, members include:
- Top consolidation: ABC, Inc.
- Subsidiary members:
- Company A Sub
- Company B Sub
- Company C Sub
- Company D Sub
- Go toTools, and thenBinder Identification.
- Select a tax year, then select the following:
- SelectCombined/Consolidatedfor theFederalandCaliforniarow.
- SelectSeparatefor theNew Jerseyrow.
- SelectNext.
- For the top consolidation and subs A, B, and C, select federal and California, thenNext.
- For sub D, select New Jersey, and thenFinish.
Results
- Subsidiaries A, B, C, and D will all be selected automatically for federal and California. Integration with ONESOURCE Income Tax, and other ONESOURCE products will then know where to get the shared data for this filing group.
- Subsidiary D will be where these features get shared data for New Jersey.
Related Content
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Use binder identification to share data across systems
Format:
Article,
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