CMN.ATO.TRT

Each Statement of Distribution must contain distribution amounts

Solution

Make sure you have entered the value in PP Income and Non-PP income in the Beneficiaries statement. If no value to enter, then please enter ZERO

Net small business income is incorrect

Solution

Make sure you’ve completed Prior Year Losses (if there are any) in the small business income (sbc) worksheet.

Tax losses carried forward to later income years and Total net income or loss can not both be greater than 0

Solution

This error happens when there is positive value (i.e. $1 or more) of Tax losses carried forward to later income years and Net Income of trust

To fix this validation error, either of two needs to be greater than ZERO.

• Tax losses carried forward to later income years

• Net income/loss

If there is current year capital gain and brought forward tax losses, delete Prior Year Losses Schedule (pyl)(i.e. Prior Year Losses worksheet) and use only Losses Schedule if applicable

If there is any current year income (including capital gain) and brought forward losses from the previous year, then first adjusting brought forward losses to the current year income (including capital gain from the current year).

Assessment calculation code must be provided

Solution

If you have amounts at No beneficiary presently entitles, make sure you’ve completed the Assessment calculation code.

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

Solution

Make sure you’ve completed:

• The Family trust election or Interposed entity election status field on the Front Cover
  or

• The TB statement question on the Distribution statement.

Amount of capital gains on which the trustee has chosen to be assessed on behalf of beneficiaries must be provided

Solution

This error can occur if there are negative values in the distribution statement.

This validation error is related to over-distribution of any income to beneficiaries. so make sure there is no excess distribution even by $1 as well

To fix the issue:

1. Removed the percentage in the Distribution percentage field from the beneficiaries schedule, if any

2. Manually distribute all the amounts without entering the distribution percentage.

The beneficiary address and at least one positive TB statement information amount must be provided.

Solution

Make sure you’ve completed the fields in the TB information section in the Distribution statement.