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Non-resident beneficiary of resident trust

Anon987654321
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Australia
Anon987654321

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Non-resident beneficiary of resident trust

 

Hello, 

 

I have the following scenario:

- Resident trust tax return with non-resident and resident beneficiaries

- Return has been prepared with the tax payable by the trustee

- Income of the trust estate includes foreign income and FITO

- Distributions have been prepared allocating proportionate foreign income and FITO to each beneficiary 

- Return does not validate as it notes "check distribution of FITO" (Ref. V331A)

- The FITO information has been included in the worksheet for Question 23 but when I press [F4] to calculate the FITO, no amount flows through to the relevant disclosure

 

Please advise required course of action. 

 

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