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:

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

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: 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.
Potentially Failing Income	Indicates whether to include or exclude potentially failing dividends from the eligible qualified dividend amount. Options include: Include in DRD. Default. Includes potentially failing dividends from the eligible qualified dividend amount. Exclude from DRD. Excludes potentially failing dividends from the eligible qualified dividend amount. If you select this option, the report shows a grid profile which displays all categories of non-qualified income.
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.
Rollup Level	Specifies the rollup level for the report. Options include: Position Level. Default. Dividend Level. Lot Level.
Data Source	Identifies the data source for income data to use for calculating the report output. Options include: Original Calculations. Default. The report sources its income data from upstream STAR data tables, namely STAR Income, Cash tables. Additionally this data is linked to Eagle data warehouse lot tables to generate output. Income Staging Table. The report uses income staged data that the income staging process populates for income amounts. The report does not use Eagle data warehouse lot tables because the income staging data is generated at the report required granularity.
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: Null. Default. Acts as if you chose the Display All Processing Security Types option. Display All Processing Security Types. The report displays any processing security type that dropped cash dividends in the core product. Display Select Processing Security Types. The report displays cash dividends associated only with the processing security types included in the initial report requirements. These include Common Stock (EQCSCS), Preferred Stock (EQCSPF), Preferred PIK (EQCSPK), Mutual Fund (EQEQMF), and Warrants (EQWRXX).
Include/Exclude ROC	Indicates whether the report includes or excludes Return of Capital (ROC) announcements. Options include: Include. The report includes ROC announcements. The report results show ROC records in the Return of Capital grid profile. Exclude. Default. The report excludes ROC announcements.
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