Validation Error
Ensure Gross distributions from trusts income is declared - Ensure Gross distributions from trusts income is declared when Distributions to Beneficiaries of Trust schedule is provided Income - Gross trust distributions
This error occurs when the fund is in 100% pension, has received distribution income within the financial year, and the trust income schedule has not been attached or is missing distribution income.
This error can also occur alongside the validation error CMN.ATO.SMSFAR.436620: Capital losses not being carried forward.
How to resolve this Validation Error
This error can be resolved by ensuring that a Trust Income schedule has been prepared alongside the tax return. Then, using the Distribution Reconciliation Report, review the schedule to ensure that all distribution income has been included.
When the error has occurred alongside CMN.ATO.SMSFAR.436620: Capital losses not being carried forward, CMN.ATO.SMSFAR.W00005 will be resolved once CMN.ATO.SMSFAR.436620 has been resolved.
For help on how to resolve CMN.ATO.SMSFAR.436620: Capital losses not being carried forward, click the link below: