When you click the TRUST DISTRIBUTIONS button on the Taxable Income menu, Mclowd™ displays the empty Trust Distributions table.
You will use this table to record data from statements provided by Managed Funds, Unit Trusts, etc. that make profit distributions. These entities supply end of financial year statements that detail the source and tax status of all the components of distributions made to investors during the year. Recording this data correctly is essential to ensuring your tax return is correct.
For each entity for which you need to record data, click the ADD ROW button to add a blank row.
Mclowd™ lists the entities recorded in your Fund records that should have supplied Trust Distribution statements.
Select the first entity.
Mclowd™ presents the Table with the entity in the Investment Name column and a row of cells ready for entry of figures. Refer to The Trust Distributions Table, Understanding Capital Gains Data and the Examples provided to learn how to record Distribution data correctly.
Process the first entity, then click ADD ROW again to add another row. Click the down arrow to select the next entity.
Repeat until all entities have been processed.
