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AU Tax - Remove 0 in managed funds pre-fill from ATO

We have noticed an error, where, when managed fund distributions are prefilled from the ATO, a zero is put in the Item 24 - Other Income

This causes an error for each managed fund prefill that needs to be manually fixed by going in and deleting that entry in the schedule.

I just recently had a client with 15+ managed fund imports (owned jointly with his wife, so same issue on her side) which meant I had to waste quite a bit of time going into each schedule, only to delete the zero at the bottom.

If you could arrange for this to be fixed, it would be greatly appreciated.

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Wendy Litherland shared this idea  ·   ·  Report…  ·  Admin →
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  • Greg Piotrowski commented  ·   ·  Report

    100% agree. Not only this, but it also puts 0 in primary production which causes an averaging error and in ESIC offset also. Surely they can have and "if 0, don't import" in their coding?

  • Andrew Ryan commented  ·   ·  Report

    Agree that this is incredibly annoying and needs to be fixed. It also by default puts the client into primary production averaging.

  • Bob Green commented  ·   ·  Report

    Incredibly annoying issue and one that eats into efficiently completing I returns. Hopefully the programme can look at a field in the trust distribution schedule and parse IF 0 THEN "blank" else "number"