11.3.1.3 Year End Processing: Calculate Tax – Trust Distributions Example 2
AMP Capital presents its tax statement in the following format. (Amounts have been omitted) Highlighted rows have been inserted to indicate how to transfer the amounts shown on an AMP Capital statement to Mclowd’s Trust table.
Save these totals.
NEXT: TRUST DISTRIBUTIONS: EXAMPLE 3
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about the author: Lorraine Cobcroft
With a background in accounting and financial management, followed by two decades writing software documentation, Lorraine joined the Mclowd team in mid-2016 and is enjoying working with a dynamic team to enhance an innovative product that has the potential to revolutionize the way Australians manage their retirement funding. Lorraine is also an accomplished business writer, ghost-writer, novelist and short-story writer and poet.