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Search Trust Tax (ONESOURCE) Support Help and Support.

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Product: ONESOURCE Trust Tax

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Paid By Taxpayer ID: SSN or EIN of person who paid money to the account and should receive a 1098.
Paid By Name: Name of person who paid money to the account and should receive a 1098. This should be the legal name that matches the Paid By Taxpayer ID.
Paid By Name Continued: This is the 2nd Name line of the taxpayer.
Paid By Street Address (Line 1): Street Address of Paid By Taxpayer. This is used in IRS reporting of the information return.
Paid By Street Address (Line 2): Additional Street Address of Paid By Taxpayer; this line is NOT reported to the IRS but is used in printing the mailing address on the form.
Paid By City/Town/District: For U.S. addresses this should be the city. For a foreign address, this can be the city, town, or district.
Paid By State: This is the 2-character U.S. state code used in the mailing address. Refer to the valid state codes at the end of the Data Dictionary.
Paid By Zip or Foreign Postal Code: This is the U.S. ZIP Code used in the mailing address, or the foreign postal code used in the foreign address.
Paid By Foreign Province: The Foreign Province should be provided when the address is a foreign address, and it is applicable.
Paid By Country of Address: This is the Country of Address. When left blank, United States is assumed. Refer to the valid Country Codes at the end of the Data Dictionary.
Paid For Number: Identification number for whom a cash disbursement was made and should match a taxpayer id of a beneficiary on a Type 2 record.
Paid to Address: Address of the recipient to whom a cash disbursement was made.
Paid to Address line 2: Continuation of Paid To Address of recipient to whom a cash disbursement was made.
Paid to Address line 3: Continuation of Paid To Address of recipient to whom a cash disbursement was made.
Paid to Name: Name of the recipient to whom a cash disbursement was made.
Paid to Number: Identification number of recipient to whom a cash disbursement was made. If this number is included in Record 3, position 322 and there is no corresponding Record 35 the load process will attempt to match to a Paid To recipient in OTT.
Partners Source Income State code: The state where the partnership is located. Used to determine the source income for state tax return.
Partners Taxable For: Used to determine whether to apply the Part III Partners share of income and deductions to the federal/State calculation, Federal only calculation or for California only.
0 = Federal & State
1 = Federal Only
2 = California Only
Partners Tax Basis: Informational only.
Blank or 0 = Unchecked
1 = Checked
Partners Current Year Status of K-1: Indicate the K-1 information status at the time the tax return is computed. Will print diagnostic indicating:
0 = Draft
1 = Amended
2 = Final
4 = Not Received
5 = Estimated
6 = Imported
7 = Imported Estimated
8 = Imported Revised
9 = Input Reviewed
10 = Final Review Complete
11 = Revised Input Reviewed
12 = Revised Final Review Complete
Partnership Passive/Active Type: 0 = Passive
1 = Active
2 = Portfolio
3 = Real estate with Active participation
4 = Publicly traded partnership
Partnership Disposition: 0 = No Disposition
1 = Fully Disposed
2 = Partial Disposed
Payment Date: Date on which a declared stock dividend or bond interest payment is scheduled to be made. Will be used to automate factoring of mutual fund distributions with Wall Street Concepts.
Pipeline Name: Identification assigned to the lease.
Portfolio: Code used to determine posting to Invested Income, Income, or Principal:
1 = Principal
2 = Income
3 = Invested Income
4 = Both Principal and Income
note
This creates 2 transactions: (1) one for Principal, where the transaction amount is loaded to both the taxable and principal fields, and (2) one for Income, where the transaction amount is loaded to both the taxable and income fields. This code is usually a transfer between Income and Principal or Amortization.
5 = Tax Impact Only (applied against principal tax codes)
note
Transaction amount is loaded only to the taxable field with a portfolio code of 1.
6 = Tax Impact Only (applied against income tax codes)
note
Transaction amount is loaded only to the taxable field with a portfolio code of 2.
7 = Tax Impact Only (applied against principal and income tax codes)

note
Codes 3, 4, 6 & 7 are not valid for Sales (record type 4).

note
Codes 5, 6 & 7 should only be used when there is no cash associated with the transaction.
Preferred Stock Indicator: This field is used to determine the required holding period for qualified assets. It is not used to signify whether an asset is qualified or not qualified. Refer to the "Asset Not Qualified Flag" to indicate the qualification status of an asset.
Blank = If you can't determine whether this asset is required to meet the 60-day, or 90-day, holding test necessary to use the reduced dividend tax rate on dividends paid.
0 = Asset is required to meet the 60-day holding test necessary to use the reduced dividend tax rate on dividends paid.
1 = Asset is required to meet the 90-day holding test necessary to use the reduced dividend tax rate on dividends paid.; The ONESOURCE Trust Tax Load program will bypass this field when it is left blank; therefore, no change will be made to any previously loaded value for this asset. For example, if the value is set to 1
in 1 month and subsequently set to blank in a later month, the ONESOURCE Trust Tax Load program will bypass this field and the value in the ONESOURCE Trust Tax database will remain set to 1
.; If this field is left blank and a value of '0' or '1' is never received, the ONESOURCE Trust Tax system default is to treat the asset as qualified to use the reduced dividend tax rate on dividends paid provided the asset meets the 60-day holding period test.
Primary Withholding Agent EIN (if applicable): Should be entered if the withholding expert as assigned through the 1042-S Control is not the primary withholding expert.
Primary Withholding Agent Name (if applicable): Should be entered if the withholding expert as assigned through the 1042-S Control is not the primary withholding expert.
Product Access Number (PAN): This is the database identifier to which accounts will be loaded to ONESOURCE Trust Tax. In some systems, a control card may be placed in the run JCL of the extract program that is maintained by operations personnel to cross-reference the trust accounting system's identifier to the PAN. Alternatively, a field may be added to the trust accounting system files that may be populated with the PAN to which accounts should be loaded. This field is used to split accounts from 1 organization to multiple PANs.
Product Type: Code that represents the type of natural resource. For example, oil and natural gas.
Production Month: The month and year of cash receipt or disbursement transactions. The entry is formatted "MMYY".
Property Name: Name associated with the "Property Number". See the definition for "Property Number".
Property Number: Accepted system master identification number that is used to relate all income and expenses from all leases to 1 property.
Purchase Settlement Date or Receive Date: Date that position was established in trust.

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