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Distribute Ownership Based on Percentage or Flows

This setting allows you to choose whether to create a distribution of financial accounts based on percentage or flows.

• Percentage: Choose percentage to manually enter the percent amount each partial ownership account is allotted.

  For example, if you have a grandparent's trust to be split among three grandchildren, you could simply enter 33% for each ownership account.

• Flows: Choose flows to have Tamarac Reporting calculate the percent amount each partial ownership account is allotted based on amount of money contributed to the account by each owner. Only use flow-based distribution if the distribution splits equal 100% (either with accounts you manage, or with placeholder accounts that you've created). If your distribution does not tally to 100% of the account holdings, you should modify the distribution using percentage instead of flows.

  For example, use flow-based distributions if you have an LLP account with two partners. If one of the partners contributes more than the other, you can enter the amount of flows contributed by each and Tamarac Reporting will calculate what percentage of the total each partner gets.

For more information about ownership accounts, see Understand Partial Ownership Accounts.

For more information on editing accounts, including how to navigate to this panel, see Maintaining Accounts.