The Dividend Received Deduction (DRD) report displays the tax deductions received by a corporation on the dividends paid to the corporation by U.S. companies in which it has an ownership stake. The report details the holding period eligibility and values for qualifying dividends. The dividends received deduction mitigates the consequences of triple taxation, that is, taxation that occurs because the company paying the dividend uses after-tax money and the dividends paid to the receiving company are subject to income taxation when paid to its shareholders.
Advanced report views for this report include:
- DRD Summary
- DRD Detail
- DRD Income Failing the Holding Period
- DRD Income Potentially Failing the Holding Period
To create the Dividend Received Deduction report:
In Accounting Center, in the left navigation pane, click Reports > Compliance Reports > Dividend > Dividend Received Deduction Report.
You see the Dividend Received Deduction Report panel.- Complete the options on the Dividend Received Deduction Report panel.
- Under Result Options, click Grid or Advanced Report for the report view you want.
- Click Submit.
The report results appear on your desktop for the view selected.
Dividend Received Deduction Report Panel
A definition of the options on the Dividend Received Deduction Report panel follows.
| Option | Description |
|---|---|
| Search Criteria | |
| Entity ID | Specifies a portfolio, sector portfolio, composite portfolio, or Master Fund by the entity ID of the entity. |
| Entity Name | Specifies a portfolio, sector portfolio, composite portfolio, or Master Fund by name of the entity. |
| Accounting Basis | Specifies the entity accounting basis. For example, USTAX, GAAP, or IFRS. |
| Report Period | Specifies the time period, date range, or particular date for your report. The time period may be entity specific or security specific, such as fiscal year. Options include:
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| Report Start Date | Specifies the start date for your report results. The default is first day of the current month. To use this option, you must select Date Range as your report period. |
| Report End Date | Specifies the ending date for your report results. The default is today's date. |
| Potentially Failing Income | Indicates whether to include or exclude potentially failing dividends from the eligible qualified dividend amount. Options include:
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| Report Name | Specifies the type of report. Options include:
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| Rollup Level | Specifies the rollup level for the report. Options include:
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| Data Source | Identifies the data source for income data to use for calculating the report output. Options include:
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| Processing Security Types Allowed | Indicates whether the report output displays all processing security types that drop cash dividends or only those processing security types included in the initial report requirements. Options include:
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| Include/Exclude ROC | Indicates whether the report includes or excludes Return of Capital (ROC) announcements. Options include:
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| Selection Criteria | |
| Report Filters | Allows you to show/hide additional report and security filters. The default is No. |
| Advanced Report Options. | Allows you to show/hide advanced report, group, sort, and format options. The default is No. |
| Filter Security By | Allows you to show/hide the additional report filters. Options include:
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| Report Groups | You can group the report results. Options include:
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| Report Sorts | You can sort the report results. Options include:
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