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This article applies to:

  • Product: ONESOURCE Trust Tax

H, I, L, M

How Acquired
Informational register only field and applicable to Record 3 Transactions, Record 3Q, and Record 5.
The following values are valid:
Value
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Value
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Blank
No update from bridge
12
Purchase
0
Blank or N/A
13
Reinvestment
1
Beginning Inventory
14
Return of Capital
2
Capital Gains Distribution
15
Rights/Warrants – Exercise
3
Conversion
16
Rights/Warrants – Issue
4
Exchange
17
Sale of Accrued Interest
5
Fund
18
Sale of Security
6
Gift
19
Spin Off
7
Income
20
Stock Dividend
8
Income – CTF
21
Stock Split
9
Inheritance
22
Stock Split – Reverse
10
Merger
23
Unit Separation
11
Name Change
Inherited Property Indicator (sale after DOD)
When coded with a ‘Y’, the tax lot will be considered as having been acquired prior to the decedent’s date of death.
As a result, the system will automatically assume a holding period greater than 12 months regardless of the acquisition and sale dates. This will result in the gain or loss receiving long-term 20% treatment.
Any other value will be ignored.
The indicator should only be set on transactions, which are held at the time of death.
Investment-Officer Code
Eight-digit code that identifies the trust account's investment officer.
Leading blanks and zeros will be truncated. Example: “002” will be loaded as “2”; “0A” will be loaded as “A”; “__2” will be loaded as “2”.
Lease Number
If a property is subdivided or contains leases, this field is used for the identification number of the unique lease within a property.
Logos
When the 1099 Service Level is set for Premium (1099 with Full Detail, includes Tax Information Letter, 1099 Forms and Instructions), ONESOURCE Trust Tax allows logos on beneficiary Greeting Letters and recipient 1099 Premium Contents, Greeting Letter, and Tax Summary pages on the cover page of the 1099 output.
1st Logo applies to all Greeting Letters and 1099 Premium Contents and Tax Summary pages:
Logo Image to be used (Logo 1)
 – this logo will print on the right side for 1041s & 5227s and the left side for 1099s:
  • Blank = No Action
  • 1 = Default Logo
  • 2 = 1st Alternate
  • 3 = 2nd Alternate
  • 4 = 3rd Alternate
  • 5 = Remove Logo selection
The 2nd Logo applies only to 1041 and 5227 Greeting Letters:
2nd Logo Image to be Used for Dual Logos (Logo 2)
 – this logo will print on the left side:
  • Blank = No Action
  • 0 = Do Not Use 2nd Logo
  • 1 = Default Logo
  • 2 = 1st Alternate
  • 3 = 2nd Alternate
  • 4 = 3rd Alternate
  • 5 = Remove Logo selection
Lot Units Sold
Number of units/shares sold related to the sale.
Month Tax Year Ends
Ending month of the accounts tax year; also, used to determine beginning date of tax year. If this field is left blank, we assume
12
.