I am trying to understand how ETF distributions work in sharesight for income tax reporting.
Attached is my
VHY ETF annual statement
Pre filled data in my Tax online
Sharesight income tax report
The ETF statement shows gross attribution amount of $15.99 with AMIT cost base net amount - shortfall (Increase cost base) of $1.52
ATO my tax share of income $15.99
Sharesight income tax report shows VHY gross amount $14.47 which is $15.99 - $152.
My understanding is you have to pay tax on the $15.99 even though you only received 14.47.
Shouldn’t sharesight show the same gross amount as the ato as this is what you have to pay tax on?
