This article covers the user interface screen for Trust Income Schedule (TIS) for SMSF including:

• Add security
• Review or edit security
• Navigation

Navigate to Fund level > Periodic Processing > Period updates > 20XX Financial Year > process period update to the end of the financial year > Finalise Tax > View Tax Return > Trust Income Schedule

Add security

NOTE: Accepted special characters in the Name of Distributing Trust field are:

([0-9a-zA-Z \.,\?!\(\)\{\}\[\]:;'`\|\-_=\\/@#$%&"])*

If any other special characters such as + is included in the Name of Distributing Trust, SMSF Annual return will be rejected by the ATO. 

Click '+ Add security' if you need to manually add a security to the Trust Income Schedule.

Newly added securities first display in 'Pending securities' panel until you save. Multiple securities can be added before saving changes.

Review or edit security

1. You can click a security on 'Securities' or 'Pending securities' panel to review the details.
2. When editing a saved security in 'Securities' panel, this security is grey-out in 'Securities' panel and a copy is created in 'Pending securities' panel.
3. When editing a unsaved security in 'Pending securities' panel, this security is highlighted in 'Pending securities' panel.

Navigation

1. To remove a security from the TIS, select the security, scroll down and click 'Delete security' at the bottom of the form.
2. When a security is edited after saving you can revert to the original by clicking on 'Revert security' for this security at the bottom of the form.
3. Click on 'Save' to save the changes and stay in TIS.
4. Click on 'Save and approve' to save the changes and approve TIS as a whole. The status of TIS will be updated as 'Approved' on Tax Lodgment for Financial Year 20XX screen.
5. You have an option to go back to Tax Lodgment for Financial Year 20XX screen by clicking on 'Back'.

Once 'Save' or 'Save and approve' is processed, the securities sitting in the 'Pending securities' panel will be moved to 'Securities' panel.