SHARESIGHT Income tax Report with ETFS/VAS

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by bobbyj, 22nd Jul, 2019.

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  1. bobbyj

    bobbyj Well-Known Member

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    Hi guys

    Vanguard have sent their annual tax statements
    I’ve got VAS VGS VAE statements now for my income tax.

    Does anyone know if Sharesight will automatically enter all the data into their generated tax statements or will i need to enter all the data myself?

    Thanks in advance.
     
    bobbyj, 22nd Jul, 2019
    #1
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  2. Ouga

    Ouga Well-Known Member

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    Ouga, 23rd Jul, 2019
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  3. Nodrog

    Nodrog Well-Known Member

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    Does Sharesight adjust the cost base of ETFs annually or when part / all units are eventually sold to account for AMIT adjustment?
     
    Nodrog, 23rd Jul, 2019
    #3
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  4. dunno

    dunno Well-Known Member

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    I'm interested in this answer as well.

    My superannuation software keeps track of the individual cost base adjustments. However my non-super portfolio manager does not, so have had to revert to spreadsheet. This would be a deciding feature to change software for me.
     
    dunno, 23rd Jul, 2019
    #4
  5. Nodrog

    Nodrog Well-Known Member

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    @dunno,

    Just did a quick search on Sharesight forum:

    Looks like Sharesight accounts for AMIT adjustment. Read the full thread for detail if interested. Very responsive customer focused developer by the look of it:

    AMIT regime for trust distributions
     
    Nodrog, 23rd Jul, 2019
    #5
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  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    They're listening ( *spooky alien music playing* ) ... this was just posted on the Sharesight social media pages:

    Sharesight (Facebook)
    Sharesight on Twitter

    A reminder to Australians who own ETFs who are completing their tax returns now that AMMA tax statements for those ETFs are out. You'll need to use Sharesight's pro-rata AMIT tax component form to update these components in Sharesight. More info: Attribution Managed Investment Trust (AMIT) tax calculations for ETFs in Sharesight: https://www.sharesight.com/…/attribution-managed-investmen…/​
     
    Simon Hampel, 23rd Jul, 2019
    #6
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