How to self prepare tax return including dividends from ETF with Franking Credits?

 Author: yes_no_maybe(Newbie)Newbie

4 Oct 2023

Hi.

Up until now, I've always filed the tax return by myself, without an accountant.

However, this year I received dividends from ETF which includes Franking Credits.

Their FY tax return report includes many different fields:

• Gross Interest 10L
• Resident Withholding Tax 10M
• Unfranked dividend 11S
• Franked amount 11T
• Franking credit 11U
• Share of net income from trusts, less net capital gains, foreign income and franked distributions - primary production income 13L
• Share of net income from trusts, less net capital gains, foreign income & franked distributions 13U
• Franked distribution from trusts 13C
• Other deductions relating to non-primary production income 13Y
• Share of franking credits from franked dividends 13Q
• Share of credit for foreign resident withholding amounts (excluding capital gains) 13A
• Share of credit for tax amounts withheld 13R
• Net capital gain 18A
• Total current year capital gains 18H
• Credit for foreign source income 18X
• Assessable foreign source income 20E
• Other net foreign source income 20M
• Australian franking credits from a New Zealand franking company 20F
• Foreign income tax offset 20O
• Early stage venture capital limited partnership: current year tax offset T7K
• Early stage investor: current year tax offset T8L
• Other refundable tax offsets: Exploration credits T9P

So, how do I translate all these fields into the 4 questions on ATO form for Dividends?

1. Total unfranked amount
2. Total franked amount
3. Total franking credits
4. Total TFN amounts withheld

Please advise which fields I should use to answer these 4 questions, and what's the correct formula to use.

Thanks!

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