Question:
1.How do I enter multiple trust distribution capital gain amounts in an individual ITR? Manually only allows me to enter one figure (but I want to show each managed fund separately) but the detail one requires me to enter a purchase and sale date and purchase price and proceeds. That's not possible to obtain from a managed fund trust distribution.
2. OK, but is that acceptable by the ATO?
Answer:
1. Complete each schedule with a purchase date greater than 12months and then $0 for Purchase price, and total gain for Sale. This results in discounted gain being reported for each managed fund, using information at hand. -
2. Yes, the ATO would need further details from the Fund if in Dispute. those figures are for your records only anyway. Only the total goes to the ATO. IE gross Gain and Net Gain