Stapled Securities Trust Distributions in Australia

867673

I use Reckon Personal Plus in Australia. Is there a way of posting Stapled Securities Trust Distributions in Investing accounts?

For example distributions from Transurban or Cromwell. The only choice on the transactions menu (Fund Trust Distribution) posts to CGLong, which is completely incorrect.

There must be a better method!

GerryWinter

Give me a call in the morning to discuss.

867673

Hi Gerry,

I think I've worked this out. Although Personal Plus is sold as an Australian Product it uses USA Tax logic for the distributions. So basically I need to create a number of transactions to handle the distribution, a little bit of work each time, but not too bad.

The example I have is for Transurban - Distribution on Stapled Securities.

First part is - Transurban Holdings Limited Dividend, which consists of Dividend, franked and unfranked, and Franking credit. No problem here.

Second part is - Transurban Holding Trust Distribution which consists of:

• Non-Assessable Component
• Interest Income
• Rent and Other income
• Non-Concessional MIT Income
• Franked Distribution

So for these I needed to create a series of individual transactions, one for each income type. Although, to make it easier I'll probably just enter three transactions, one for dividends, one for non-assessable, and group all the rest in one transaction.

Thanks,

Richard

GerryWinter

I am glad you worked all that out, your a better man than me!