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  • Do you need to disclose partnership or beneficiary income?



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

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    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.


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

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    Last modified: 13 Oct 2011QC 25050