When validating Tax Return, I receive the following message:
Please update lodging party from the Tax Compliance > Section K to correctly link fund to a lodging party
This message can occur if you have attached a fund to the Lodging Party after completing The Create Entries Process for the financial year. To resolve:
|From the Main Toolbar navigate to the Compliance menu.||
|Select Tax compliance.||
Under the SMSF Annual Return menu on the left-hand side, select Section K (Declarations).
Select Update Lodging Party. You will now be able to validate the return.