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Tax Losses in Parent Currency using Periodic FX Translation

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We currently have the Periodic Translation setting for Flow Accounts enabled. In regards to Tax Losses, we discovered that entering a tax loss in the Current Provision only in the reporting period (i.e. P12) in order to zero out current tax expense in Entity Currency (first image), did not zero out the expense in Parent Currency (2nd Image).

If we entered the Loss in the Current Provision for each period (i.e. P1 through P12), we were able to get the current tax expense for both Entity and Parent Currencies to equal zero, which makes sense to us. We are considering using NOL Automation to help minimize the administrative burden in the future.

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