Use the Taxable Income report to review your recorded investment income for a selected financial year and map it to Australian Taxation Office (ATO) myTax labels.

Navexa calculates the report totals from the income records and tax components recorded in your portfolio. Report accuracy depends on those records being complete and correct.

Unconfirmed dividends and distributions still need review. For ETFs, managed funds and trusts, enter the final annual tax statement components where required; cash distributions alone may not contain the final tax breakdown.

Before using the report to prepare your tax return, compare the figures with your broker records, dividend statements and final annual tax statements. Speak with a registered tax agent if you need advice about your circumstances.

The Taxable Income report breaks down your investment income for a selected Australian financial year.

It helps you review income from:

The report maps these amounts to relevant ATO tax return labels, including labels used in myTax.

This report is focused on taxable income from dividends, distributions, interest and other income entries. It is not the same as the Capital Gains Tax report.

Capital gains distributed by ETFs, managed funds or trusts may appear in the

Taxable Income report as trust distribution components. Capital gains or losses from selling your own holdings are reviewed in the Capital Gains Tax report.

The Taxable Income report is designed for Australian tax reporting.

ATO tax reports in Navexa require an AUD-base portfolio. If a portfolio uses USD, EUR, GBP or another non-AUD base currency, Australian tax reports will not be available for that portfolio.

This does not stop you from tracking foreign holdings. It means the selected portfolio must use AUD as its base currency for ATO reporting.

Before relying on the Taxable Income report, make sure your portfolio data is complete.

Check that:

AMIT stands for Attribution Managed Investment Trust. AMMA stands for Attribution Managed Investment Trust Member Annual statement.

ETF and managed fund providers often issue AMMA statements after the end of the financial year. These statements can include final tax components that are not available from the cash distribution alone.

To open the Taxable Income report:

The report updates based on the selected financial year.

Before reviewing the final totals, check the Trust Income section for ETF, managed fund or trust-style holdings.

These holdings may need final AMIT or AMMA statement data before the report is complete.

If a holding needs attention, Navexa may show Enter AMIT Statement or Update AMIT Statement beside that holding.

Select Enter AMIT Statement to:

Select Update AMIT Statement to review or change statement data that has already been saved.

You can also enter or update AMIT statement data from the holding itself by opening the holding’s Income section.

For the full AMIT workflow, see Using the ETF Distributions Pro-Rata Tax Form.

Navexa shows AMIT statuses in the Trust Income section to help you see which holdings still need attention.

AMIT Required means the holding may need AMIT or AMMA statement data for the selected financial year.

Use this status as a prompt to check the holding’s final annual tax statement.

AMIT Complete means AMIT statement data has been entered and saved for that holding and financial year.

You can still select Update AMIT Statement if you need to review or change the saved values.

AMIT Not Required means the holding has been marked as not needing AMIT data for that financial year.

This status does not permanently block the holding. You can still select Enter AMIT Statement later if you receive a statement or realise AMIT data is required.

The top section of the report shows a taxable income summary.

The summary groups your income into the same broad areas used in the Australian tax return, including:

Each line shows the ATO label and the amount calculated from the income data recorded in Navexa.

The Australian Tax Return for Individuals section includes income that is not from partnerships or trusts.

It may include:

TFN means Tax File Number. Franking credits are tax credits attached to franked dividends.

The Australian Tax Return for Individuals Supplementary Section includes trust and foreign income fields.

For income from partnerships and trusts, it may include:

For income from foreign sources and assets, it may include:

Below the summary, the report shows the income entries that make up the totals.

Use these sections to check the source of each amount before relying on the summary.

The Non-Trust Income section shows income from company dividends and other non-trust holdings.

This section may include amounts such as:

The Trust Income section shows income from trusts, ETFs and managed funds.

This is the section to review carefully if you hold ETFs or managed funds. Final AMIT or AMMA statement data can change the taxable components shown in the report.

The Foreign Income section shows income from overseas investments.

It may include exchange rates, net amounts, foreign tax withheld and gross amounts.

The Cash Interest section shows interest income from cash holdings where cash interest has been recorded.

The Crypto Income section shows cryptocurrency income where supported income entries have been recorded.

Click the Ticker name of the holding to go to that holding's page. You can select an individual income line in the report to review or edit it.

Use this when you only need to correct one income entry, such as a single dividend or distribution.

For ETF or managed fund annual statement data, use Enter AMIT Statement or Update AMIT Statement instead. That workflow applies the annual AMIT or AMMA statement values across the relevant distributions for that holding and financial year.

Use Export to download a copy of the Taxable Income report.

Exporting is useful when you want to:

Before exporting, check the holding-by-holding sections and AMIT statuses so the report is as complete as possible.

Use these answers to resolve common questions about the Taxable Income report.

The Taxable Income report depends on the income data recorded in Navexa.

Figures can differ from your broker, issuer statement or accountant’s records if:

AMIT Required appears when a trust-style holding may need AMIT or AMMA statement data for the selected financial year.

Check your ETF or managed fund provider’s final annual tax statement. If the holding needs AMIT data, select Enter AMIT Statement. If it does not need AMIT data for that year, you can mark it as not required.

Tax reporting may be unavailable if the selected portfolio is not an AUD-base portfolio.

ATO reporting in Navexa is designed for Australian tax reporting and requires AUD. Create and use an AUD-base portfolio when you need Australian tax reports.

You can use the Taxable Income report to help prepare the investment income section of your tax return. Navexa does not lodge your return or assess your full personal tax position.

Use the report to understand and check your Navexa income data, then verify the figures against your own records and your accountant’s advice before lodging.

Remember, this is general information, not personal financial advice.