Almost everything in Sharesight makes tax time simple, except when trying to reconcile annual tax statements from managed funds (and ETFs) with the ‘Enter Annual Tax Statement Components’ option in the Taxable Income Report page. The label headings in Sharesight don’t match anything on the tax state…

Thank you so much for the update on RDV. I’m glad we were able to get to the bottom of it. Please let us know if you run into any issues with other statements.

Emily Seriously - if you look through all the queries on this page the treatment of these statements is a major issue for Sharesight … it is making things more difficult, not easier, for Sharesight customers. Sharesight should have a huge focus on getting this corrected. Regards Rob

I wish there was an easy way. I simply can’t do this - I can’t even read the blurry example sheet. I thought I did it correctly last year - yet later in the year I checked the pre-fill, basically reset my manual inputs and I was off by a few cents or $ for each my ETFs - not a huge deal perhaps but …

I hear you there - I created a custom investment for it. Entered what I thought was correct based on how I do other ETFs and I’m out by between $2-$6 dollars regardless of what I do. At this point $2 different is close enough that I’ve given up and will submit it.

Hi all! We’ve updated our AMIT help article , adding in a table to guide you with entering each component. We’ve also added some examples to guide you along with your own statements :pray:

Hi Emily, The “TFN WH” (tax withheld) column is currently greyed out for me, with each value set as “0” which is not true based on the dividend notifications I’ve seen which show i’ve been heavily taxed. Based on what you’ve said, will the tables be updated around September with actual values with…

Hi @L.Q thanks for getting in touch! Where is the TFN WH greyed out for you? If you have any screenshots or anything you’re willing to share with us ( support@sharesight.com ) we should be able to help or point you in the right direction. If you’re referring to an ETF, yes all the data will be sent …

Hi Emily, I too am struggling with this. I have shares in ADI (APN Industria REIT) and the annual tax statement is quite different to the examples shown above and in the HELP instructions. If I upload my annual tax statement from them, can someone at Sharesight tell me if I’ve done it correctly plea…

Hi @Shirl yes please send through your Annual Tax Statements to support@sharesight.com and the support team should be able to point you in the right direction. You can also share a screenshot here as long as you remove your personal information from the statement too!

Managed Fund Tax Statement Reconciliation

Reporting & tax

mwse 24 August 2021 08:14 36

I’ve prepared some notes on how I’ve handled this that might be helpful

Xero guides - Managed Fund Tax Statements (part 1)

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Managed Fund Tax Statement Reconciliation

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