Transfer of an asset not existing in Tax book
1. CORP book & Tax Book
2. Do not turn on Mass Copy
3. Add an asset in CORP book
4. We have the option of adding the asset to tax book or not . To add we have to either use Addition API or manually add in tax book
Questions :
a) Is the above going to have any issues in regular transactions on CORP book like let us say distribution transfer. The reason being distribution is shared across all the books.Let us say few assets added in CORP are not added in Tax. So if we have 4 assets .. 1,2.3 & 4 in CORP book. But we decide to add assets 3 & 4 only in TAX book. What happens when a dist xfr happens on assets 1 and 2 in CORP , will it error ? or not allow ? the reason we are worried is distributions are