• Do you need to disclose partnership or beneficiary income?

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Your client must disclose all their partnership and trust distributions. If they are involved in more than one partnership or trust, they must disclose all the distributions.

    Danger

    If your client does not disclose all their partnership and trust distributions, they may have to pay penalties.

    End of danger
    Last modified: 13 Oct 2011QC 25050