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HandiTax - TRT.432181 Zero net income or an overall trust loss cannot be distributed in HandiTax

Updated over a month ago

TRT.432280: Trust beneficiary cannot have a zero or a negative income distribution.
​​If there is an overall trust loss (i.e. the sum of net Australian income/loss plus net capital gains, plus attributed foreign income plus other assessable foreign source income minus allowable tax losses of earlier income years, deducted this year, is less than zero) there cannot be income distribution amounts present in any statement of distribution

Note: Income cannot be distributed when there is an overall Trust Loss.
Delete the income from the Statement of Distribution.


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