Partnership return

See the ATO website for:

• • What's new?

  • Partnership tax return instructions.

You can attach an Interposed Entity Election or Revocation (Schedule Y) to the return and lodge it using PLS by selecting it from the Preparation > Schedule menu.

A Standalone Interposed Entity Election (Schedule YY) may be prepared and lodged separately from the Partnership return.

Data entry

The item and labels are listed for data entry on a set of tab cards:

• • FPartnership front cover

  • Income and expenses

  • Deductions

  • Other Information tab

  • Business and Professional Items (partnership)

  • Distribution—Item 51: Statement of Distribution

  • Partners’ or proprietor's declaration Partners’ or proprietor's declaration Partners’ or proprietor's declaration

Processes for partnership returns include:

• Printing Returns

• Lodging forms using the practitioner lodgment service (PLS)

• Assessment Details

• Amending Lodged Returns.