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Amandasun's avatar
Amandasun
4 years ago

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...
Syed1's avatar
Syed1
MYOB Staff
4 years ago

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

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