Tax Codes Considered for Factoring
Transactions posted to the following tax codes in ONESOURCE Trust Tax are considered for factoring:
Tax Code | Description |
|---|---|
1 | U.S. Government Interest Reported as Dividends |
3 | Foreign Dividends |
4 | Nontaxable Dividends |
5 | Domestic Dividends |
6 | Partnership & Fiduciary Dividends |
7 | Other Interest |
8 | Other Taxable Interest |
9 | Corporate Interest |
10 | Foreign Interest |
11 | Exempt Interest Not Subject to AMT-States |
12 | Partnership Income |
13 | U.S. Government Interest (federal taxable only) |
15 | Rental Income |
16 | Royalty Income |
29 | Foreign Taxes Paid |
55 | Interest Exempt From State Taxation |
83 | Exempt Dividends Not Subject to AMT-States |
85 | Exempt Interest Not Subject to AMT-Territories |
86 | U.S. Government Interest-Federal & State |
92 | Massachusetts 5.95% Savings Interest |
93 | Direct Expenses-Resident Municipal Interest |
94 | Direct Expenses-Nonresident Municipal Interest |
95 | Substitute Payments-Interest |
96 | Substitute Payments-Dividends |
97 | Substitute Payments-Other Income |
107 | Taxable Nonessential Function Bods |
121 | Exempt Interest Subject to AMT-States |
123 | Exempt Interest Subject to AMT-Territories |
124 | Exempt Dividends Subject to AMT-States |
126 | Short-Term Capital Gain Dividends |
127 | Qualified Short-Term Capital Gain Dividends |
128 | Qualified Foreign Short-Term Capital Gain Dividends |
132 | 305C Dividends |
134 | 871M Dividends |
136 | Dividends Exempt from Federal Tax Not Subject to AMT-Territories |
137 | Dividends Exempt from Federal Tax Subject to AMT-Territories |
142 | IL Resident Municipal Bond Premium Amortization |
150 | Bond Premium Amortization-Tax-exempt OID (States) |
152 | Bond Premium Amortization-Tax-exempt OID (Territorial) |
154 | Acquisition Premium-Tax-exempt OID (States) |
155 | Acquisition Premium-Tax-exempt OID (Territorial) |
156 | Short-Term Capital Gain not Subject to NRA Withholding (1042-S) |
157 | Long-Term Capital Gain not Subject to NRA Withholding (1042-S) |
158 | Market Discount-Tax-exempt OID (States) |
162 | Market Discount-Tax-exempt OID (Territorial) |
163 | Section 897 Ordinary Dividends |
164 | Section 897 Capital Gain |
169 | OID Income |
192 | OID Income on USGI |
193 | OID Income on USGI Reported As Dividends |
198 | Exempt Interest OID-States |
199 | Exempt Interest OID-Territories |
201 | Nondistributive Dividends |
202 | Nondistributive Foreign Dividends |
499 | Foreign Taxes on Nonqualified Foreign Dividends |
500 | U.S. Government Interest Reported as Qualified Dividends |
501 | Nonqualified Foreign Dividends |
502 | Nonqualified Domestic Dividends |
503 | Nonqualified Partnership & Fiduciary Dividends |
504 | Nonqualified Nondistributive Dividends |
505 | Nonqualified Nondistributive Foreign Dividends |
506 | OID Income on USGI Reported as Qualified Dividends |
507 | Long-Term Capital Gain Dividends/Distributions |
517 | Nonqualified Short Term Capital Gain Dividends |
518 | Nonqualified Foreign Short Term Capital Gain Dividends |
599 | Section 199A Dividends |
906 | Mutual Fund Cash Receipts |