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Smartsteps's avatar
Smartsteps
7 months ago
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Unit Trust Validation Error

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 la...
AU Tax
  • Amy_M1's avatar
    Amy_M1
    7 months ago

    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

Amy_M1's avatar
Amy_M1
MYOB Staff
7 months ago

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

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