Trust tax estimates for minor beneficiaries
I prepared a 2019 Trust tax return where the Trustee was being assessed on behalf of two minor beneficiaries and AE Tax produced a Tax Estimate which combined their share of income and calculated tax...
Forum Discussion
Hi Sandy thanks so much for your prompt response which confirmed that there is no other way to process Trustee tax estimates. I have spoken with the ATO and they confirm that multiple tax estimates are required if there is more than one minor beneficiary and they were surpised that the tax software doesn't facilitate this. Perhaps this could be considered by your development team for the future?
Barbara
Hi Barbara,
No worries at all. We have had a few queries with regards to producing estimates for multiple beneficiaries and was raised to our product development team.
However, due to the complicity of trust calculations, the enhancement request wasn't accepted as it involved a lot of coding adjustments to the trust returns themselves.
Regards,
Sandy
Client Support Representative
