LodgeiT

With just six simple steps, LodgeiT streamlines the process of lodging your tax return.  1. Gather information. Collect relevant financial record for the t...

Click here to watch the videos:  Preparation of Trust Tax Return Working with Trust "Financial Reports"

See attached spreadsheet example for Trust Comparatives.

Once you've worked in the form, you may need to turn-on certain reporting sections. You can do so via - Activate the relevant sections tha...

Error: "Net Trust Income must equal distributed income"

Trustee ABN is not required to Fill for Trustee notices.

Find the losses section via "Net Income", select "Losses Deducted" Tab Related Article:  TRT Loss Distribution 

The reconciliation section of a tax return allows the accounting income to be reconciled to the taxable income. The reason for this is that certain income i...

Reporting Partnership, Interest & Dividend Income, Capital Gains and Rentals For Trust Make sure to activate the "Interest", "Dividends&...

Scenario: The Trustee has completed the tax return as follows: 5 R Total Net Non-Primary Income                                                       ...