NZ Tax - Auto Allocation option for Partnerships, Trusts & LTC's
Would be good to have an "Allocate" command button so income, deductions, tax credits are split automatically as per the percentage for each individual in a trust, partnership and LTC company. It is time consuming when there are multiple individuals and varying percentage splits.
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Phil Stock
commented
When a % split is possible and appropriate, such as with partnerships, trusts, rental properties, CGT, bank interest and dividends, it saves time to be able to do this without having to duplicate for another entity and/or individual.