Click this link to open the Item 13-Partnerships and Trusts on the ATO website.

Use the Tax worksheets for Distributions from Partnerships worksheet (dip) and Distributions received from Trusts worksheet (dit) which each cater for multiple entries of distributions. The worksheet for Trusts and Managed Investment Trusts also allows the Share of Capital Gains and Foreign income received from the MIF to be entered saving the preparer opening various items to which those income types relate.

For the two new labels 13D and 13E new tax worksheets Share of partnership small business income (sbp) and Share of trust small business income (sbt) have been provided.

Refer to the specific help on the Distributions from Partnerships worksheet (dip) and the Distributions from Trusts worksheet (dit) for the new fields that have been added this year to collect any share of:

• Early stage venture capital limited partnership tax offset (ESVCLP)

• Early stage investor tax offset (ESIC)

• Credit for foreign resident capital gains withholding amounts CRFRWCG.

CCH References

5-000 A partnership for income tax purposes

5-130 Income and deductions of partner

6-130 Distributions of trust income

6-105 Discretionary trusts

6-110 Beneficiary presently entitled and NOT under legal disability

6-266 Family trusts

16-310 Deductible motor vehicle expenses

20-600 National Rental Affordability Scheme

20-605 NRAS refundable tax offset