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…

I had a think about how I’d apportion the Annual AMIT Increase/decrease… Prorate the Annual Amit Increase/decrease in proportion to the quarterly dividend distributions. identify the units that triggered the dividend in each quarter and prorate the quarterly Amit increase/decrease per share. Add t…

Who is this competitor? I’m getting a little tired of SS’s manual processes when it should all be automated.

Apologies, you are correct in saying this. I’ve been chatting with our dev team and that is confirmed. Our dev team has hopes to improve this down the track. For now, your two options would be: a) Confirm all payments at the end of the FY when you receive your AMIT statement b) Confirm during the…

Yep, so it seems I got mixed up and apologies all. Please see my most recent comment for how to handle in the interim :+1:

G’day Jack, I add dividend/distribution statements as PDF attachments to the dividend/distributions in Sharesight when I receive them. If I reset these transactions I will lose the attached files. Is there any way around this? Thanks Paul

And whilst the Dev team is developing … can we find somewhere to be able to attach the PDF of the tax statement? Even if it’s just allowing multiple attachments to a dividend/distribution. Thanks in advance! Paul :slight_smile:

I’ve just tested this, if you reset the payout everything will revert to the original, Sharesight-generated transaction. So the file will be removed, I’ve passed these findings to our dev team to flag :+1:

So what Sharesight actually does is distribute the end-of-year components across each payment made in that financial year. So some might have quarterly payments, others might not. In your case where you’re disposing some/all shares within that FY, the cost base adjustments will be made to the payme…

So the ETF/fund providers who pass this information on to Sharesight do so a little while down the track. So while you do get your statement at the end of the FY, it takes a little longer for the providers to get the information and pass it on to Sharesight to then automate. This is usually done in …

Hi Jack, Does this mean that if we wait a little while, our AMMA statement from Vanguard (and others) will be automatically updated in Sharesight? OR do we still have to input our ETF statements manually? If it’s automatic, do you know how long we’d have to wait? Thanks,

Managed Fund Tax Statement Reconciliation

Reporting & tax

Jack_Sharesight 22 August 2022 22:30 85

Ask and you shall receive! We just loaded these in last night! Check this thread for more information!

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Managed Fund Tax Statement Reconciliation

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