I need to record the Distribution - Tax Statement events at different dates to correspond with each distribution event received, how can I do this?
When a fund has different ECPI periods, income in the period "Deemed Segregated" will be fully exempt. In order to ensure the correct tax has been calculated, an Annual Tax Statement should be processed for each distribution received, according to the date of the distribution.
Annual Tax Statements can be processed using the following methods:
Automated Tax Statement
Navigate to Fund Level > Periodic Processing > Tax Statement Console
- When creating the Annual Tax Statement event, tick the check box Use Distribution Date
- Confirm amounts and click Submit
Manual Tax Statements
Navigate to Fund Level > Transactions > Fund Income > Distribution - Tax Statement
Refer to the Manual Tax Statements article for further guidance.