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Unit Trust Validation Error

Smartsteps

Hello, trying to validate a 2024 unit trust tax return and it's bringing up a validation error TRT 433088 Type of trust must be a deceased estate - Code 059.

It is not a deceased trust and all labels describing trust type (U), tax payable (N) and beneficiary codes (35) are correct, with none indicating a deceased estate is involved

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AU Tax

Accepted answers

NJT2016

putting N in that box worked for me. Thanks for the tip

All comments

Amy_M1

Hi Smartsteps!
The ATO have introduced this, TRT.433088 - Type of trust must be a 'deceased estate' - code '059' along with other new errors in a 2024 trust return.

To fix these errors, make sure you’ve completed:

The Family trust election or Interposed entity election status field on the Front Cover
or

the TB statement question on the Distribution statement.

For more information on the new validation errors within a 2024 trust return, please see the link below:

https://practice-support.myob.com/psinstall/myob-ae-ao-release-notes2024-0-australia

KimPaw

Same issue.

Smartsteps

Has anyone had this error and fixed it