InstantForum.NET v4.1.4MySF Forumshttp://www.mysf.com.au/members/info@mysf.com.auWed, 08 Feb 2012 08:03:11 GMT20http://www.mysf.com.au/members/Topic3929-26-1.aspxHi,<br><br>There is a feature in the software to assist users in this situation.<br><br>While entering the reinvestment through the Quick Add screen please tick the 'Enter details later?' box if you do not yet have the tax statement that details all of the various components. This will tag the dividend or distribution as incomplete. A transaction will still be generated, but the system will be ready to edit this for you.<br><br>When you do receive the tax details of the DRP please go to System Setup > Housekeeping > Complete Past Dividends (or Distributions). Select the incomplete dividend, fill out the tax fields based on the paperwork and click Save. If there are multiple DRPs covered by the same document then the software will split the amounts back to the various DRP dates. There are no manual calculations needed.<br><br>You are quite correct that tax deferred amounts should decrease the cost base of the asset which earned the income and the 'Complete Past Dividends / Distributions' screen will process this decrease while modifying the transaction for you. <br><br>However, it is very important to note that if you process a sale from the asset after you process the incomplete dividend / distribution and before you provide the details (which probably contain tax deferred amounts) then the sale will be calculated for the incorrect (higher) cost base. The software will not recalculate the CGT on these sales after you complete distribution entries, so it is best to hold off on adding such sales until after you have completed the distribution entries.<br><br>Regards,<br><br>MySF<br><br>It is important to noteMon, 12 May 2008 17:01:02 GMTMySF2http://www.mysf.com.au/members/Topic3929-26-1.aspxHi,</P><P>How do I correctly record a DRP for a stapled security?The advice from the company says the Tax distribution statement will not be available till post June 30. At this stage I have a distribution that has been applied to new stapled units. I expect the bulk of the money will be tax deferred component so it really should be lowering my cost base. If I go to quick add dividend reinvestment the default account is 4116. Is that the right account in this instance? If the Tax distribution statement, when it arrives, says it's not 100% tax deferred how do I edit the transaction?</P><P>RegardsMon, 12 May 2008 05:37:03 GMTscott