Lodgement Error - Trust Distributions
I have tried lodging a return containing distributions from 2 discretionary trusts created by MYOB Tax software. They are rejected with these errors: - I have disguised the TFN and Surname with X...
Forum Discussion
Hi RPD
Thank you for your post.
Why you are receiving this message is because where Non-primary production net income from trusts (less capital gains, foreign income and franked distributions) is present, both the Non-primary production managed investment scheme amount and the Non-primary production remaining trust amount must be provided. Could you try entering a value 0 or greater at Label Share of label U Income related to financial invest?
Let me know how you get on.
Hi,
I am also having a similar problem. I have tried putting a $0 value in the box you suggested and also in most other boxes in the Trust Distribution schedule and the return still won't validate. The more $0 I put in the more error seem to occur. Currently I have it down to 2 error codes - see attached. Are you able to offer any assistance here?
Thanks,
Harley.
Hi Harley-GG
This error occurs in the Consolidated trust distributions (ctd) worksheet, which you can resolve by intalling hotfix 52701915.
Does the error mention foreign income?
If so look at the trust distribution schedule - my worksheet had the letter G inserted in that section.
When I deleted it I could lodge successfully.
