# excess franking credits

**URL:** https://community.sharesight.com/t/excess-franking-credits/1626
**Category:** Reporting & tax
**Created:** [7 August 2024 01:33 UTC](https://community.sharesight.com/t/excess-franking-credits/1626 "2024-08-07T01:33:22Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![cam](https://avatars.discourse-cdn.com/v4/letter/c/bbe5ce/32.png) [@cam](https://community.sharesight.com/u/cam)
#### Post date: [7 August 2024 01:33 UTC](https://community.sharesight.com/t/excess-franking-credits/1626/1 "2024-08-07T01:33:22Z")

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Hello,  
has anyone come across this issue.  
I received a distribution amount from a Trust but then the Annual Tax Statement contains a much larger Franking Credit (Gross Up) amount 13C and larger again Franking Credit Amount 13Q. When I try to enter this into Sharesight via the Taxable Income Report → Enter Annual Tax Statement Components functionality,  
I get an error as the Distribution is negative…Help please.

 ![ATS Problem 2](https://global.discourse-cdn.com/sharesight/original/1X/e043c65268a88cfa677203f9c6873cea68f1d365.png)  
 ![ATS problem](https://global.discourse-cdn.com/sharesight/original/1X/ea63d501c24baba4fbca1d99bbc5337066e05ee2.png)

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### Author: ![Piumi\_Sharesight](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/piumi_sharesight/32/854_2.png) [@Piumi\_Sharesight](https://community.sharesight.com/u/Piumi_Sharesight)
#### Post date: [7 August 2024 04:19 UTC](https://community.sharesight.com/t/excess-franking-credits/1626/2 "2024-08-07T04:19:06Z")

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Hi @cam can you please get in touch with our support on this. They will be able to assist you further on this.

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### Author: ![cam](https://avatars.discourse-cdn.com/v4/letter/c/bbe5ce/32.png) [@cam](https://community.sharesight.com/u/cam)
#### Post date: [24 August 2024 21:35 UTC](https://community.sharesight.com/t/excess-franking-credits/1626/3 "2024-08-24T21:35:21Z")

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Hi @Piumi_Sharesight I sent an email to support on the 7/8 as suggested and have still not heard anything back?  
Regards Cameron

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### Author: ![Piumi\_Sharesight](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/piumi_sharesight/32/854_2.png) [@Piumi\_Sharesight](https://community.sharesight.com/u/Piumi_Sharesight)
#### Post date: [27 August 2024 02:26 UTC](https://community.sharesight.com/t/excess-franking-credits/1626/4 "2024-08-27T02:26:50Z")

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Hi @cam unfortunately, it looks like we haven’t received your email to support.  
However, this is a limitation in our tax statement components form which will be looked into by our product team. We have a validation which basically ensures the franked distributions of trusts 13C is equal to or more than the franking credits. The work around suggested is to $0 out the franking credit component in the form and report it manually. Our apologies for the inconvenience caused to you on this.
