LodgeiT

This approach will work with a partnership or a trust. Note that the difference is that the partner loan balances are handled via the equity section rather...

Livestock report is stored in the tax form. It can be used as a working paper to compute average cost and closing inventory value. Make sure to activate &q...

Question: I have a Fixed Unit Trust that is a small business entity. 100% of it distributes to a Discretionary Trust. This trust distributes to a family gro...

Scenario: Trust distribution to non-resident (distribution paid to non-resident) Via "Individual Tax Return", press Income > Trust Sele...

This video demonstrates how to handle the reporting of interest given that the accounting interest may well be different to the tax interest.  Shows how to...

The illustration below shows that the "Business" is currently activated (greyed out)  and is intended to be deactivated. TABLE OF CONTENTS ...

Question: how to claim refund for a trust account and where to enter the details in the tax return.  Answer: Please enter the details via Income>Interes...

Question: I am using excel to populate the tax return for trusts. In section 11 Interest, gross interest on accounts has been populated using the excel spre...

There are two methods available for reporting on a Cash Basis in the Trust Tax Return 1. Select to import Financials on Cash Basis 2. Adjust out the non c...

This approach will work with a partnership or a trust. Note that the difference is that the partner loan balances are handled via the equity section rath...