I think there’s a bug in Sharesight’s data sourcing for the tax reporting for at least one Australian ETF. The “Australian franking credits from a New Zealand franking company” field is zero in my Taxable income report (i.e. field 20F), even though data for the rest of the fields for my Australian ETFs such as FAIR are shown correctly in the taxable income report. It should be non-zero because the provider of FAIR (BetaShares) published that “Australian franking credits from a New Zealand franking company” is non-zero this tax year (ref: “Estimated Annual Distribution Component Information” PDF dated 10-Jul-23 at https://www.betashares.com.au/fund/australian-sustainability-leaders-etf/#announcements ). The same mistake exists in my last year’s taxable income report for the previous tax year. Anyone else seeing this mistake, or am I missing something?
Welcome to the community @YKAPQTEZ.
Sharesight currently does not handle the field 20F in your taxable income report.
You will have to add the 20F amount manually into your Taxable Income Report when you’re ready to file your tax return.
We are working on adding this to our taxable income report, however I’m unable to confirm a timeline on this at the moment.
Our sincere apologies for the inconvenience caused.
Thanks for the response. I wrote the following spreadsheet to calculate the managed fund distributions tax return fields including 20F for the ETFs I have bought for the last 2 years (BetaShares: FAIR, ETHI, HETH, and Australian Ethical: AEAE) which may be useful for anyone that has the same issue as me until Sharesight implement it. I don’t accept any responsibility for the accuracy, so use at your own risk. You may find it useful/instructive though.
https://www.dropbox.com/scl/fi/h5k04dtcb3vcmkq7sxthp/20210701-20230719.ManagedFundDistributions.dummyunits.xlsx?rlkey=exmdtiqbor49n1tg0kv2z2mn5&dl=1