ATO label 20F records Australian franking credits from a New Zealand franking company.
Navexa’s AMIT statement form does not currently include a dedicated field for 20F. Don’t enter the amount under 13Q or 20O, as these are different tax return labels.
Complete the other supported fields using your statement, then keep the original statement with your tax records. Account for the 20F amount separately when preparing your tax return, or provide the complete statement to your accountant.
We’ve received feedback requesting a dedicated 20F field. You can vote for 20F support on our feedback board. Voting helps us understand demand but doesn’t guarantee a release or timeframe.
Remember, this is general information, not personal financial advice.