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Search Trust Tax (ONESOURCE) Support Help and Support.

This article applies to:

  • Product: ONESOURCE Trust Tax

The Load Category

The options in the
Load
 category (referred to as Load options) determine how the data from your trust accounting vendor (TAV) is loaded your ONESOURCE Trust Tax database. Changes to the Load options do not take effect until the next data load occurs.
Load options can be set at the SuperBank and PAN levels. The Load options include:
Option
Description
Recipient/Beneficary information
This option determines how the recipient (or beneficiary) information in your ONESOURCE Trust Tax database is updated by the monthly data loads from your TAV. The selections include:
  • Update database from load file
    -All of the recipient data is updated with the data in the monthly data load. The recipient data in locked fields is not updated by the data load.
  • Update only address from load file for existing accounts
    -All of the recipient address fields for existing accounts are updated with the data in the monthly data load. The data in locked fields is not updated by the data load.
  • This selection applies to existing accounts. For new accounts, all of the recipient data is updated by the first data load. When the second data load occurs, the recipient address fields are updated with the data in the monthly data load.
  • Ignore all recipient/beneficiary records from load file for existing accounts
    -The recipient (or beneficiary) information in the monthly data load is ignored for existing accounts.
  • This selection applies to existing accounts. For new accounts, all of the recipient data is updated by the first data load. When the second data load occurs, recipient data is not updated.
Update database with Copy To information included on load file
This option applies only if your TAV includes copy-to recipient information in your monthly data load.
Selecting
Yes
 updates the copy-to recipients' name and address information in your ONESOURCE Trust Tax database with the copy-to recipient information in your monthly data load. Selecting
No
 does not update the copy-to information with information in the monthly data load.
Match accrued interest purchased to interest received
This option determines whether accrued interest is held in tax code 991 (Accrued Interest Paid-Carryover) until the interest is earned on the asset. Tax code 991 is a non-reportable tax code.
Selecting
Yes
 holds accrued interest in tax code 991 until the interest is earned. After the earned-interest transaction is loaded to your ONESOURCE Trust Tax database, ONESOURCE Trust Tax automatically moves the interest amount from tax code from 991 to the appropriate income tax code to net against the interest earned, even if the interest is carried forward to the next tax year.
Selecting
No
 nets accrued interest against any interest in the same tax category.
Make state cost basis equal to federal cost basis for capital sales
This option determines whether the state cost basis included in the monthly data load is ignored or loaded to your ONESOURCE Trust Tax database. When the state cost basis is ignored, ONESOURCE Trust Tax copies the federal cost basis into the state cost basis field.
Selecting
Yes
 ignores the state cost basis in the monthly data load and copies the federal cost basis into to the state cost basis field. Selecting
No
 loads the state cost basis in the monthly data load to your ONESOURCE Trust Tax database.
Make state acquired date equal to federal acquired date for capital sales
For capital sales, this option determines whether the state acquired date in the monthly data load is ignored or loaded to your ONESOURCE Trust Tax database. When the state acquired date is ignored, ONESOURCE Trust Tax copies the federal acquired date into the state acquired date field.
Selecting
Yes
 ignores the state acquired date in the monthly data load and copies the federal acquired date to the state acquired date field.
Resident state of bank-used to assign location code on factor records when the transaction is a CTF and the asset does not have a location code
Select the resident state of your organization for this option. ONESOURCE Trust Tax uses the selected state to determine whether resident or nonresident municipal interest applies to a CTF factor when the asset is missing a location code (state of issue) in the monthly data load.
For new accounts that have an Agent for Trustee, set these options: 1) Print Paid Preparer Info, 2) Suppress digitized fiduciary signatures, 3) Blank out the Fiduciary Signature line (non-990)
For new accounts that have an agent for trustee, this option determines whether:
  • The paid preparer information is printed on the tax return
  • The digitized fiduciary signature is suppressed on the tax return
  • The fiduciary signature line is ignored for non-990 accounts
Select
Yes
 to print the paid preparer information, suppress the fiduciary signature and (for non-990 accounts only) ignore the fiduciary signature line. Otherwise, select
No
.
Mark the reversing and original transactions/sales as "Stopped" when a reversing record is loaded with [Previously Sent Transaction Number] and [Previously Sent Posting Date] matching the original
This option determines whether the reversing and original transactions are marked as
Stopped
 when a reversing transaction that includes the same transaction number and posting date as an original transaction is loaded to your ONESOURCE Trust Tax database.
note
To take advantage of this option, original transactions must be populated with a unique TAV transaction number for the posting date. The reversing transaction must reference the original transaction number and the posting date. These fields are in the ONESOURCE Trust Tax Generic Bridge Format.
Update the 5498 Fair Market Value, RMD Date and RMD Amount from the Load data file
Select the load data file to use (if any) to update the 5498 FMV statement.
Update the 5498 Fair Market Value of Certain Specified Assets and related code from the Load data file
This option determines whether the load data file selected in the
Update the 5498 Fair Market Value from the Load data file
 option is used to update the related code.