Personal Tax- Period Reform: Spread Transition Profit as Arising, Difference FPS16.1 minus FPS16.2 must be greater than zero
Article ID
personal-tax-period-reform-spread-transition-profit-as-arising-difference-fps16-1-minus-fps16-2-must-be-greater-than-zero
Article Name
Personal Tax- Period Reform: Spread Transition Profit as Arising, Difference FPS16.1 minus FPS16.2 must be greater than zero
Created Date
12th December 2024
Product
Problem
IRIS Personal Tax- Period Reform: Spread Transition Profit as Arising, Difference FPS16.1 minus FPS16.2 must be greater than zero
Resolution
- You get this warning above when generating a Tax Return as this is because PT is missing date data
- Load the Client in PT and the relevant year
- If the Partnership has no Start/Commence date then please do this:
- Load the TPV section, On bottom half of screen click NEW
- Click ‘Add’ and enter in the prior missing period dates (try 1 prior date entry first, if that fails then add a 2nd further older period etc). This applies even if the partnership didnt run at that time.
- Regenerate Tax return
- If the Partnership does have a Start/Commence date then please review and edit the date OR add in the prior missing period dates
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