An issue has been reported in Reckon APS Tax 2020.3.1 where the following error is triggered in some individual returns when $0 in the field of Franking credits from New Zealand franking companies.

INCDTLS222 Foreign Financial Gross Amount


The problem described in this article is fixed in Reckon APS Tax 2020.4.0 (reference TAX-453).


For the zero NZ Franking credits, remove the zero from the trust distribution in the trust return and re-distribute; Alternatively delete the trust distribution and manually enter the trust distribution in the individual return without the zero for NZ franking credits.

For the non-zero Franking credits in this field, unfortunately the workaround is to lodge via paper. 


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