NZ Tax - IR7 ability to have a group schedule for allocating income and tax credits to partners
Make a schedule for allocating partner income and tax credits allocations with a total giving the ability to allocate income on the one page. Currently you have to go into each partner schedule. There is not always an even split of income and with many partner entities it is very time consuming.
35
votes
Ella Warren
shared this idea
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Ella Warren
commented
It would be great if the tax returns had a table to allocate income and tax credits to partners, or at least be able to export to excel to see where errors are or rounding adjustments required are. I have a partnership with over 30 partners. Total nightmare! And no, the % split function does not work acurately enough when there are that many partners
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Babs Bright
commented
I agree