Dividend Received Deduction Report

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:

1. From the Accounting Center window, click Reporting in the left navigation.
2. Double click Investment Accounting, Compliance Reports, and Dividend Received Deduction Report.
   You see the Dividend Received Deduction report panel.
3. Complete the fields on the Dividend Received Deduction report panel.
4. Click Submit.
5. Click Advanced Report or Classic Grid Report for the report view you want.
   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.

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.
• Source. Specifies a source.
• 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:
  –  Daily Activity
  –  Date Range (Default)
  –  Fiscal Year to Date
  –  Life to Date
• 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.
• Report Name. Specifies the type of report.
  Options include:
  –  DRD Summary Report (Default)
  –  DRD Detail Report
  –  DRD Income Failing the Holding Period
  –  DRD Income Potentially Failing the Holding Period

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:
  –  Security Cross Reference (Default). If you select this option the panel unhides the Xref Type and Xref Security ID fields for data entry.
  –  Issue Name. If you select this option, the panel unhides the Issue Name field for data entry.
  –  Primary Asset ID. If you select this option, the panel unhides the Primary Asset ID field for data entry.
• Report Groups. You can group the report results.
  Options include:
  –  Account/Sector
  –  Eligibility Flag (Group 1 required)
  –  State Code
  –  Primary Asset ID
  –  Transaction Description
  –  Processing Security Type (Group 2 default)
  –  Country Description
  –  Asset Currency
  –  Regulatory Category
• Report Sorts. You can sort the report results.
  Options include:
  –  Account/Sector
  –  State Code
  –  Primary Asset ID
  –  Issue Name (Sort 1 default)
  –  Transaction Description
  –  Processing Security Type
  –  Ex-Date
  –  Days Held
  –  Asset Currency
  –  Accounting Date
  –  Month End Accounting Date
  –  Issue Country Code