Individual tax return instructions supplement 2012 - Australian ...

13 Partnerships and trusts4Write5WriteWrite at L the total of your distributions of primaryproduction income or loss from trusts.If you have a loss, print L in the box at the rightof L.If you are eligible for primary production incomeaveraging and the trust has reported a loss,but you were otherwise not required to write anamount at this step, write a zero amount at L.at U the total of your distributions ofnon‐primary production income or loss fromtrusts excluding amounts of net capital gains,foreign income and franked distributions (if theseamounts are separately shown on your statementof distribution). Make sure you include your shareof any credits for tax withheld (including frankingcredits from franked dividends) from income thetrusts distributed to you.If you have a loss, print L in the box at the rightof U.at C your share of franked distributions fromtrusts. Also include at C any share of frankingcredits referrable to those franked distributions.The franking credits are also shown at label Q.6 Can you claim deductions for adistribution from a partnershipor trust?No Go to step 13.Yes Read on.If a trustee incurred eligible expenditure onlandcare operations or water facilities, only thetrustee, not a beneficiary of the trust, can claimdeductions for that expenditure.Primary production deductions7If you were a partner in a partnership that incurredeligible expenditure on landcare operations orwater facilities, write your share of the total at Iitem 13 on your tax return.8Write9Inat X item 13 the total of other deductionsyou can claim for your share of:n primary production income or loss from apartnership, andn primary production income of a trust.the TYPE box at the right of X, print:n D if the entire amount at X is a deferrednon‐commercial business loss from a prior yearn P if only part of the amount at X is a deferrednon-commercial business loss from a prior year.Otherwise leave the TYPE box blank.Non-primary production deductions101112If you were a partner in a partnership that incurredeligible expenditure on landcare operations orwater facilities, write your share of the total at Jitem 13 on your tax return.Write at Y item 13 the total of other deductionsyou can claim for your share of:n non-primary production income or loss froma partnership, andn non-primary production income of a trust,including any deductions relating to frankeddistributions from trusts.In the TYPE box at the right of Y, print:n D if the entire amount at Y is a deferrednon‐commercial business loss from a prior yearn P if only part of the amount at Y is a deferrednon-commercial business loss from a prior year.Otherwise leave the TYPE box blank.INDIVIDUAL TAX RETURN INSTRUCTIONS SUPPLEMENT 2012 s3