HandiTax - Managed fund distributions from the 2020 year onwards in HandiTax

Enter the full name by which an organization is known, managed fund reference number and the number of account holders.​

Enter the amounts in the Total column of your managed fund distribution. The Managed Fund Distribution will automatically transfer to item 13 on your tax return. The Trust distribution action code is also a mandatory requirement for trust distributions.

The foreign income amounts will automatically transfer to item 20 on the tax return.

If you have an amount at Assessable foreign income, you must also enter the amount at either Other foreign income, Net foreign rent or Aust credits from NZ franking company. If you have entered an amount in foreign income tax offset, you will need to complete the tax offset section in the foreign income worksheet: Foreign Income worksheet HandiTax.

Capital gains will not automatically transfer to item 18 on the tax return. You will need to complete the CGT schedule.

If you have capital losses, you will need to apply the losses in the CGT schedule.

To transfer the capital gain amount from the managed funds worksheet answer Y in the CGT schedule.

Input the order number (i.e. 1, 2, 3 etc.) to offset available losses against each capital gain and ensure to apply the losses to the Other (Non-Discounted) and Discounted amounts of Capital Gain in the order required. Enter the amount to offset or leave Blank and click Save to calculate automatically.