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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 →
Completed  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hi team, pleased to share that we've now delivered a change where when you create an Individual Tax return with prefill, Xero will remove 0's for you.

This option will also appear if you re-prefill the return at a later stage after creating the tax return at which point if selected, a History event will appear on the return indicating 0's have been removed.

We really appreciate all the engagement and sharing on the impact this difference makes for you all here.

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  • Vicki Carlisle commented  ·   ·  Report

    Oh yes those zeroes are such a time waster. In June 2025!
    Even the prefill report from the ATO doesn't show Nil amounts, why does Xero create them?

  • 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"