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Problem

An issue has been reported in Reckon APS Tax 2020.5.0 where the following error is triggered in some trust tax returns incorrectly:

VR.ATO.TRT.432787 - Early stage investor tax offset

Solution

The problem described in this article will be fixed in our next release 2021.0 with reference TAX-633. Please review all future release notes for a fix to this issue. 

Workaround

If urgent, the return will need to be lodged via paper. User will need to manually correct Item 56c label J. 

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