Tax return label 13u

Your statement will indicate where you need to show the amounts on your tax return. In myTax at Managed funds distributions enter the amount at the corresponding fiel such as 13U. Total non-primary production income.

For the FYyear, you will need to separately show any franked distributions received from your investment with Australian ethical at Item 13C. Label 13U : this is your share of GIT’s Australian non-primary production. For example, insert the amount shown at Non-primary production income 13U on your CTS into the 13U box under Managed Funds.

You are generally entitled to tax offset for franking credits. Question – Partnership and trusts Share of non-primary production income: This is your share of THT’s non-primary production net income and should be disclosed at label 13U. The distributions paid by THT are non-primary production income. The following tax return items are valid for Australian Resident Individual Unitholders only. U Other deductions relating to distributions $0.

Y Franked distributions $57555. The tax return labels in your Annual Tax Statement reflect the labels in the tax return (supplementary section) form. The table below also highlights the income tax components which you may need to be aware of when completing the form.

No Matter How Complicated Your U. A: Notes to the Tax Statement. Non-Primary Production income ( 13U ) This component comprises interest and other assessable income that must be included in your tax return at Label 13U (non-primary production income). This is your attributed amount of other assessable income from Australian sources (excluding capital gains). For the FYyear, you do not need to separately show any franked distributions received from your investment with Australian Ethical at Item 13C.

Label 13R: this is any tax file number (TFN) withholding amounts required to be deducted from your distribution. Label 13S: this is any tax amounts required to be paid by the trustee. U franked distributions $120. Tax Return Label 13U suggests Non-primary production income is XXXX. C franking credits $45.

Q credit for TFN amounts withheld $0. R total capital gains $362. H net capital gains $181. A foreign income $25. THT distribution at per cent, if you have not provided your Tax File Number ( TFN) or claimed a relevant exemption.

U and should be entered in Item Partnerships and trusts in Label U ‘Share of net income from trusts, less capital gains, foreign income and franked distributions’. This section provides a summary of the total income attributed to you by the Trust that needs to be included in your tax return. This does not include capital gains, foreign income and franked dividends as they are included at another label in the tax return.

Q – Share of franking credits from franked distributions: This is where your share of the franking credits on the income reported at 13C is included on your tax return. Tax I am attempting to fill out my tax return through myTax. See the Partners instructions for Schedule K-for a comprehensive list of deductions that may be reported in box with code W. L Tax file number amounts withheld from interest $0. M Dividends — unfranked amount $512.

S Dividends — franked amount $802. T Dividends — franking credits $629. U Tax file number amounts withheld from dividends $0.