SMSFAR: Income

Capital Gains in Self Managed Superannuation Fund (SMSF) Tax Return
Activate "Capital Gain" from Financial image You have an option - a. Fill the form manually (simply follow the ATO Form instructions) b. Answer ...
Tue, 16 Jul, 2024 at 2:35 PM
SMSF Total income
Question: SMSF form not transferring taxable income to summary only expenses. Answer: Total income is not included in taxable income when question 10 is YE...
Thu, 7 Apr, 2022 at 9:13 AM
How to get the credits back - Self Managed Superannuation Fund (SMSF)
Activate "Dividends" via manage sections From "Income" tab, select "Dividends". then, click the "+" and a...
Thu, 16 May, 2024 at 1:23 PM
Non-Concessional Contribution Income (SMSF)
Question: How to treat contribution as "Non Assessable"? Answer:  With the non-concessional contribution income, we do not record that income any...
Tue, 6 Jul, 2021 at 8:24 AM
SMSF Rent
Question: How to add rent in SMSF Answer: You can find it in "Income" section
Thu, 20 Jun, 2024 at 7:31 AM
Franking Credits in SMSF
Question:  Franking Credits doesn't appear on my return Answer: Franking Credits should be manually entered on SMSF's tax return.   
Mon, 6 Jun, 2022 at 10:46 AM
Franking credits related to the exempt current pension
Question: If the Question "Did the fund have any other income that was assessable" is answered NO, the Exempt current pension income amount doesn&...
Mon, 6 Jun, 2022 at 12:07 PM
Other Income as Assessable (SMSF)
Question: Lodgeit has excluded the contributions as assessable income and consequently the taxable income is wrong.  Solution:  Should answer YES to questi...
Tue, 26 Sep, 2023 at 7:21 AM
CMN.ATO.CGTS.402178
Error:  CMN.ATO.CGTS.402178 - Small business retirement exemption is not valid for Self Managed Super Funds This is an ATO error and cannot be avoide...
Wed, 9 Oct, 2024 at 9:03 AM