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Tax 2024 issues

This support note applies to:

  • AE Tax (AU)

  • AO Tax (AU)

Article ID: 177897514

This page references all 2024 issues that are outstanding or resolved in an update. We'll keep adding issues to this page as they're found.

Release information

This is the latest release for AE/AO. To see the rest of the releases, go here.

Known issues

Description

Fix

TFN is visible even when Hide TFN is ticked.

The Trust income (DISTBENTRT) schedule show the TFN even if Hide TFN is ticked. This happens in Company, SMSF, Partnership and Trust returns

We’re aware of this issue and are working on a fix.

On the Activity Statement Obligations (ASO) homepage, when you open an activity statement that is prefilled from the ATO and in a Ready to Prefill status, it gets linked to the 2024 tax return as a generic schedule instead of the 2023 return.

Note: Once you’ve updated to 2024.0, you’ll no longer be able to create new activity statements from within the 2024 tax return.

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

In Tax 2024, when a depreciation asset is part of the small business pool, the threshold is applied to Date Purchased instead of Date first used/held ready.

If the Date Purchased is prior to 1st July 2023 and the Date first used/held ready is 1st July 2023 or later, and the amount is greater than $1000 and less than $30000, the amount is written off incorrectly.

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

Support ref no: 01811237

PAYG instalments fields missing

When you go to Preparation > GST/PAYG profile, the 2023 Q4 option is missing.

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

Support ref no: 01834331

PHI Rebate and MLS surcharge estimate incorrect

In a 2024 individual tax return, the estimate is incorrect if you claim private health insurance and the Medicare levy surcharge applies to the income threshold.

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

Support ref no: 01836543

Motor vehicle Expenses (MVE) schedule

OWDV incorrect for MVE asset with purchase cost

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

Support ref no: 01865922

Integration issues in SMSF 2024 to Trust income schedule

Trust income schedule amounts not integrating to Trust income in the main return.

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

Support ref no: 01855731

Trust income schedule amounts incorrectly integrate when SMSF is in full or partial pension mode.

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

Support ref no: 01941313

Trust income schedule amounts incorrectly integrating to Capital gains BW schedule

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

Support ref no: 01960879

Printing issues

Printing ATO pdf copy

When printing ATO PDF copy of the 2024 Partnership tax return, you may see the error No Pdfs found to process using master file: C:\Users\ADMINI~1.EDN\AppData\Local\Temp\2\MM\Fax_Temp\FAXMST.INI

This error occurs when printing an ATO PDF copy of a 2024 partnership tax return.

2024 Company return

Consolidated group losses schedule not printing

When printing ATO PDF copy of 2024 Company Tax Return, ue : Consolidated group losses schedule 2024 is not printing.

Support ref no: 01856345

Depreciation worksheet total incorrectly printing when there is private use %

We’ve fixed this issue MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia) release.

Support ref no: 01877855

Depreciation worksheet values not printing when there is asset group 2.

Depreciation worksheet does not display when the asset belongs to asset group 2:

  • Original cost,

  • Private use % ,

  • Opening values with private use

Support ref no: 01889383

Depreciation method is displayed incorrectly

If the date first used is 30/06/2024, the depreciation method shows Diminishing value incorrectly but the depreciation value is correct. This is only a display issue.

Support ref no: 01937677

Validation/PLS errors

VR.ATO.TRT.433083

Capital gains is incorrect

This issue occurs if you’re distributing capital gains to more than one beneficiary.

Support ref no: 01947846

VR.ATO.TRT.433084

Type of trust must be a 'deceased estate' - code '059'

This is an ATO known issue and they have advised that it will be resolved on 16 September 2024.

2024 Trust tax return

CMN.ATO.GEN.XML01
CMN.ATO.GEN.XML03

Assessable balancing adjustments

This issue occurs if you have an amount at Item 14 -Assessable balancing adjustments.

We currently don't have a workaround, contact support for a fix.

Support ref no: 01948155

TRT VR.ATO.TRT.433089

Type of trust must not be a 'deceased estate' - code '059'

This is an ATO known issue and they have advised that it will be resolved on 16 September 2024.

Trust income schedule

CMN.ATO.CTR.428048

Gross Distribution from trusts indicator required where gross distribution trusts amount is present

This error occurs in the Trust income schedule, where there are Franked distributions and Franking credit amounts and nothing in the Primary production or Non-primary production income.

Update 6 August

We’ve fixed this issue in a hotfix release.

Go to my.myob to download and install Tax 2024.0b KB253689907 hotfix (Australia)

Support ref no: 01847781

2024 Trust tax return

CMN.ATO.GEN.XML01
CMN.ATO.GEN.XML03
Closing stock must be provided when values are present in either Trade Debtors, Trade Creditors, Unpaid present entitlement or Closing stock code

CMN.ATO.TRT.433084 - Net small business income is incorrect

This error occurs if you have an amount at any of the items below but the closing stock is null. Enter 0 at Closing stock to fix the error.

  • Item 42 - Trader Debtors,

  • Item 43 - Trade Creditors,

  • Item 47 - Unpaid present entitlement.

We’ll implement an F3 validation check in the next release if the Closing Stock label has no value.

Update 6 August

We’ve fixed this issue in a hotfix release.

Go to my.myob to download and install Tax 2024.0b KB253689907 hotfix (Australia)

Support ref no: 01856809

CMN.ATO.TRT.433095

This error occurs if when the trust has no income to distribute or is a loss.

Update 6 August

We’ve fixed this issue in a hotfix release.

Go to my.myob to download and install Tax 2024.0b KB253689907 hotfix (Australia)

Support ref no: 01856338

2024 Trust tax return

CMN.ATO.GEN.XML01
CMN.ATO.GEN.XML03

PropertyPlantAndEquipmentEffectiveLifeRecalculation

This error occurs if you have amounts in any of the labels below but not answered Item 50 D Did you recalculate the effective life for any of your assets this income year? picklist field must be provided

  • Item 50E Total adjustable values at end of income year

  • Item 50F Assessable balancing adjustments on the disposal of intangible depreciating assets

  • Item 50G Deductible balancing adjustments on the disposal of intangible depreciating assets

  • Item 50H Termination value of intangible depreciating assets

  • Item 50I Termination value of other depreciating assets

  • Item 50J Deduction for project pool

  • Item 50K Section 40-880 deduction

  • Item 50L Landcare operations and deduction for decline in value of water facility, fencing asset and fodder storage.

We’ll implement an F3 validation check in the next release if the Item 50 D Did you recalculate the effective life for any of your assets this income year? picklist field must be provided is not answered.

Update 6 August

We’ve fixed this issue in a hotfix release.

Go to my.myob to download and install Tax 2024.0b KB253689907 hotfix (Australia)

Support ref no: 01813837

Distributions from Partnership schedule

CMN.ATO.GEN.XML03 - A Field contains invalid data (such as letters in numeric or date filed)

This error occurs if you’ve completed the mandatory fields in Distributions from Partnership schedule. Enter 0 in the following fields to fix the error.

  • Share of net fin. investment

  • Share of net rental income or loss

  • Partnership non PP deductions included at 13Y relating to financial investment amounts

  • Partnership non Pp deductions included at 13Y relating to rental property amounts.

Update 6 August

We’ve fixed this issue in a hotfix release.

Go to my.myob to download and install Tax 2024.0b KB253689907 hotfix (Australia)

ATO prefill

Individual 2024 return

ATO prefill is incorrect when there are Australian Goverment allowances amount.

When prefilling Australian Government allowances and payments for jobseeker payments from ATO, the amounts are prefilling only one payment into Australian Govement amounts (aga) schedule.

We’re aware of this issue and working on a solution.

In the meantime, check the prefill report and enter the amounts manually.

Support ref no: 01889362


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