Hello brains trust, I am aware there are multiple threads going about this but i’m looking for a super basic understanding and am just not following the other threads so apologies in advance.
The main thing I am trying to do is ensure that when ‘dividends’ come in they are matched to the appropriate fields. I say ‘dividends’ because it was only until recently when my accountant questioned the reports i provided that I realised that income derived from ETFs aren’t necessarily dividends.
Can someone help me with this - I feel like it should be simple but want a sanity check.
Here i have the screen from Sharesight on editing a payment
Here I have the same values from the ETF tax statement
For the life of me I can’t figure out which amounts go where in Sharesight.
Currently as you can see from the screen everything is grouped as an unfranked amount of $198.50 but in the statement it seems at the very least there should be a split of $192.76 (capital gains) + $5.74 (foreign income) totalling $198.50
Furthermore this $198.50 seems to be classified as a Net Dividend in sharesight which i’m not sure is accurate?
Thank you in advance