You can layer Cumulative Temporary Difference data using the book balance sheet to build a Tax Basis Balance Sheet and Income Statement.

•In Manage Tax Basis/Tax, map the cumulative temporary differences to the trial balance accounts.

•The upper section of the Tax Basis / Return Mappings page and the input for Sch L are used for Export to Return functionality and the Tax Basis Income Statement.

•Each cumulative temporary difference can only be mapped to one trial balance subline. Therefore, it may be necessary to create additional sublines to map cumulative temporary differences properly.

•The system shows the cumulative temporary beginning balance, as well as activity that occurred during the period.