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HandiTax - SBR error PTR.430706

Updated over 3 weeks ago

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.

  1. Open HandiTax 2024, then select the Partnership tax return.

  2. Enter the Main form P, then go to Item 54.

  3. For each partner, under Distribution Fraction, enter a % amount. This ensures all amounts are distributed.

  4. 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.
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