HandiTax can automatically transfer the partnership distribution to a partner in your database.
Complete the Partnership return as required.
Go to the Statement of Distribution, Item 54, then enter the Tax file number of the partner.
Complete the distribution, Fraction value or percentage % to automatically populate the fields or manually enter the Share of Income values in the fields below.
4. Close the Partnership return.
5. In your client database, locate the Individual or Partner.
6. Highlight the tax form, i.e. I Form, then click Select.
7. In the Tax Return Outline window, navigate to the Partnership Income form, then click Edit.
8. In the Distribution Details section, complete the TFN of the Partnership and select Y to Auto Transfer?
9. The Partnership name, ABN, and distribution values will auto-populate in the fields below.
