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In a trust, it's possible that the trust activity involves income that needs to be classified to a sector other than Item 5 - Business Income & Exp...

In a trust, it's possible that the trust activity involves expenditure that needs to be classified to a sector other than Item 5 - Business Income &a...

"Deceased estate" option is available via the main section of the Trust form through "type of trust" field. Related Article: ATO ...

Solution:  Just put Nil if there's no Trust Estate If Client has "Net Loss" - NO need to distribute this to the beneficiaries ...

For Trust, if there is a loss, there should be no distribution of loss to beneficiaries.  Scenario: The Trust has a Net Income of $10,000, it has 2 &qu...

Cashflow Boost is under a "Government Industry Receipts" and  its tax free -  classify as Grants Tax form view Income Tab From bel...

Classify Jobkeeper as -  The income will reflect in the tax return as -  Reference: ATO- Tax treatment of JobKeeper Payments ATO - Jobkeeper p...

Question: how to claim refund for a trust account and where to enter the details in the tax return.  Answer: Please enter the details via Income>Interes...

Question: If a trust has an overall loss in a current financial year and also has some TFN withholding credit on interest income, are the beneficiaries enti...

Livestock report is stored in the tax form. It can be used as a working paper to compute average cost and closing inventory value. Make sure to activate &q...