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Regional Deduction

edited Feb 26, 2019 10:41PM in Tax Reporting (Direct Tax) 4 comments

Summary

Unable to get Regional Deduction to flow to Current National Provision.

Content

The client opted to employ the “standard” TRCS methodology to treat the Regional Tax Expense as deductible on the National provision in the current period. We’ve enabled the “RDeduct” attribute in all US base entities to allow for the above but we are unable to see any regional tax expense flow to the national current provision (expected on the Regional Income taxes line). The TRCS Admin guide references the “RDeduct” field but doesn’t offer much more in terms of guidance. We have enabled RDeduct as a member attribute in the Entity dimension. 

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