Lump Sum B missing from lodged return
This is another issue that a Reckon Elite user has asked to be raised in the Community Forum.
I am not sure if it is an ATO or an Elite problem:-
- An amount is entered via the PAYG Summary entry for Lump Sum B (5% assessable) and this amount appears on the Return at Label H and is included in the calculation of taxable income. The assessment issues from the Tax Office not including this amount at all and when we look at the details as per the ATO Portal version of the Return Lodged it does not appear. We are wondering if it is somehow being lost in the transmission process and don’t know if this is an Elite software problem or an ATO problem. This happened with two clients whose assessments issued on 15th September 2020.
Lump Sum B amounts are not a very common item these days so you may not have come across this problem as yet.