Tax Codes Considered for WSC Processing
Transactions posted to the following tax codes in ONESOURCE Trust Tax are considered for WSC processing:
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 | Municipal Interest |
13 | U.S. Government Interest (federal taxable only) |
12 | Partnership Income |
15 | Rental Income |
16 | Royalty Income |
29 | Foreign Taxes Paid |
55 | Interest Exempt From State Taxation |
83 | Muni Int Reported as Dividends |
85 | Territorial Interest |
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 Bonds |
121 | Tax-Exempt AMT Bonds |
123 | Tax-exempt Territorial AMT Bonds |
126 | Short-Term Capital Gain Dividends |
127 | Qualified Short-Term Capital Gain Dividends |
128 | Qualified Foreign Short-Term Capital Gain Dividends |
142 | IL Resident Municipal Bond Premium Amortization |
169 | OID Income |
192 | OID Income on USGI |
193 | OID Income on USGI Reported as Dividends |
201 | Nondistributive Dividends |
202 | Nondistributive Foreign Dividends |
203 | Nondistributive Foreign Interest |
204 | Nondistributive U.S. Government Interest |
205 | Nondistributive Other Interest |
208 | Nondistributive Municipal Interest |
499 | Foreign Taxes on Nonqualified Foreign Dividends |
500 | US Government Interest Reported as Qualified Divs |
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 15% Capital Gain Dividends |
508 | Capital Gain Distributions-Long-Term 15% |
517 | Nonqualified Short-Term Capital Gain Dividends |
518 | Nonqualified Foreign Short-Term Capital Gain Dividends |
906 | Mutual Fund Cash Receipts |
note
Tax code 991 is excluded from transactions sent to WSC even if the transaction code is set to 300.