Forum Discussion

Sarah2612's avatar
Sarah2612
User
5 years ago

Error Message V2832 Net Small business Income

Hi All,    I have a situation where a partnership is running a business, of which it is a small business entity. One of the partners is a trust.    The trust receiving the partnership income get'...
Helen-Z's avatar
Helen-Z
MYOB Staff
5 years ago

Hi Sarah2612 

 

Thanks for your question, and welcome to the MYOB Community Forum!

 

From my understanding you have a partnership distributing to a trust, which is distributing to individuals. Unfortunately the Small Business Tax Offset cannot be double distributed, which is why you are getting the validation error. The offset needs to be distributed directly from the small business entity to the individual, it cannot be distributed via another entity.

 

I have included the Knowledge Base here article for further information.