A closed-end fund that distributes rewards to two different beneficiaries. One beneficiary gets capital appreciation income, and the other beneficiary gets regular income.

According to the relevant provisions of the Accounting Standards System for Business Enterprises (2006), the accounting treatment of income tax is as follows:

1. Confirm the current income tax payable.

Debit: income tax expense

Loan: Taxes payable-Income tax payable

2. Confirm the current deferred income tax.

Debit: deferred income tax assets

Borrowing or loan: income tax expense

Credit: deferred income tax liabilities

If it is negative, make an opposite entry.

It can be seen that the recognition and measurement of deferred income tax assets in the topic is independent of whether the enterprise is losing money in the current period according to the relevant provisions of the accounting standards for business enterprises. At the same time, deferred income tax assets formed by "uncompensated losses" incurred by enterprises and confirmed by competent tax authorities can be calculated and confirmed under certain conditions.

I hope I can help you.