Tax Provision Reports

The benefit of state taxes displays in the Federal Tax Provision in the line called Deductible State Tax. To view the underlying states that generated the deduction view the report in the Detail view. The amount that displays is computed after the Federal Deductibility rate for the Current (default setting is 100%).

The Federal Deductibility rate for the Current Provision can be set to zero if you do not wish to take the State tax deduction.