Partnership return

An Interposed entity election or revocation (Schedule Y) may be attached to the return and lodged via PLS by selecting it from the Preparation > Schedule menu.

A Standalone interposed entity election (Schedule YY) may be prepared and lodged separately from the partnership return.

Data entry

The item and labels are listed for data entry on a set of tab cards:

• • Partnership front cover

  • Income and expenses

  • Deductions

  • Other Information tab

  • Business and Professional Items (partnership)

  • Distribution—Item 51: Statement of Distribution

  • Partners’ or proprietor's declaration

Processes for partnership returns include:

• • Printing Returns

  • Lodging returns using the practitioner lodgment service (PLS)

  • Assessment Details

  • Amending Lodged Returns