The Error: 'PTR.430706: Net Australian income/loss must equal total Distributed PP, non-PP income and Franked distributions', relates to the distribution statement in a Partnership tax return.
Open HandiTax 2024, then select the Partnership tax return.
Enter the Main form P, then go to Item 54.
For each partner, under Distribution Fraction, enter a % amount. This ensures all amounts are distributed.
Once all distribution percentages equal 100%, the error will be resolved.
Note: In prior year versions of HandiTax, the Statement of distribution may have a different item number, e.g. Item 53 in 2022, and Item 51 in 2018.
β
