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HandiTax - IITR.730357 Australian franking credits from a New Zealand franking company amount must be provided in HandiTax

Updated over 3 months ago

If any Australian franking credits from a NZ franking company or Total Australian credits from a NZ franking company from managed fund amounts appear in the Income Details schedule, the Australian franking credits from a New Zealand franking company amount must be provided.

To resolve the error:

  1. Log in to HandiTax and Select the tax return.

  2. Double-click on the Foreign Income schedule.

  3. At Part C: Other foreign income, delete any zeros from fields that have been overwritten.

  4. Save and Close the schedule.

  5. Double-click on the Managed Funds schedule.

  6. The label Aust credits from NZ franking company allows cents, but main form item 20 label F does not. If Your Share in the schedule is below $1, remove it.

  7. Save and Close the schedule.

  8. Check for Errors.

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