Low income offset on trust tax estimate
I am doing a resident trust tax return and the part of trust taxable profit is distributing to a non resident not under legal disability person this year. Thereby the Trustee is assessable under S98...
Forum Discussion
Hi Amandasun
In MYOB tax, the estimate generated depends on the distribution scenarios.
Please have a look at this Knowledge Base article:
https://help.myob.com/wiki/x/zAp3AQ
I would suggest checking with ATO and contact Support as we might need to check the return information.
Please check the link below to check how estimates are based on:
http://help.myob.com/wiki/x/tAN3AQ
If the details in the return are correct and want to manually change the estimate, please follow the below link:
http://help.myob.com/wiki/x/cQZ3AQ
Regards,
Syed
Customer Support Representative
