i’ve invested in shares for a while, but never had anything to do with managed investment trusts.
I have some Sydney airport (SYD) shares and i wanted to clarify how their distributions need for be reported for Taxation?.
Sharesight seems to recognise dividends as income from a trust ? even though to my simple view i just own the stock.
So by hovering over the information triangle where dividends are imported it looks like recording the dividend information is more complex than just the normal dividend , franking, non franked % for “normal” securities
do i really need to care about how SYD dividend is generated on the inside via their SAT 1 trust ?
if so do i need to re edit the pre populated dividend information once i get the distribution information from SYD ?
sorry if this is obvious, but i wasn’t able to find anything simply on the ATO site
Thanks and regards