Unclaimed Nclaimed Property - Reporting Booklet - Washington Department Of Revenue Page 10

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Column 8(a):
Indicate type of deductions taken using
Deductions may not be taken from an item after June
these codes:
30 of the year in which it became reportable. Items
“S”
for service charge deducted
must be reported even when the total of the deduc-
“I”
for interest deducted or discontinued
tions equals or exceeds the value of the item. Autho-
“D”
for dividends deducted or discontinued
rizing documentation must be attached for any deduc-
tions taken.
Column 8(b):
Enter the amount of any deductions
imposed due to inactivity or dormancy of the prop-
Column 9:
If the property reported is interest
erty.
bearing to the owner, report the interest rate in
percent. (Example: 6.25%). The Department will
No deductions may be taken from any funds held
continue to pay the reported rate of interest for
by:
up to ten years.
Ø
Column 10:
For each item, subtract column 8(b)
Life insurance companies;
from column 7. Enter this amount in column 10.
Ø
property held in the course of dissolution;
F. PAGE TOTALS:
Enter page totals for columns
7, 8, and 10.
Ø
property held by fiduciaries; or
G. GRAND TOTAL:
Add the total of column 10
Ø
property held by public agencies, authorities,
from all pages and enter on the last page. Remit
corporations or courts.
this amount to the Department of Revenue.
Unclaimed Property Reporting Booklet
8

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