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Problem

An issue has been reported in Reckon APS Tax 2020.1.0 where the following error message is triggered in some Individual tax returns:

CMN.ATO.IITR.730186 Superannuation Lump Sum taxed element must be provided.

Solution

For taxpayers over 60 years receiving superannuation lump sum payments, the ATO now requires that the taxed element be set to $0 (rather than being left empty). The problem described in this article has been logged by our development team (TAX-188). It will be fixed in Reckon APS Tax 2020.2.0. Please review all future release notes for a fix to this issue.

Workaround

There is currently no workaround for this issue, please contact support for further details or an update on this issue.

 

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