⚠️ Important Notice The figures in this report are generated from the data you have entered into Navexa. They are approximations for advisory purposes only. While we make every effort to ensure accuracy, there is always a possibility of error. You should verify these results independently before lodging your tax return. If you are unsure, please consult your accountant or tax advisor.
What the Taxable Income Report Does
Among the tools in your Navexa account, the taxation reports are considered one of the most valuable and powerful features.
The Taxable Income Report provides a clear breakdown of your estimated investment income for a selected financial year, mapped to the Australian Tax Return (myTax) fields.
It can include:
Trust/ETF distributions (net trust income, franked amounts, franking credits, foreign income, offsets)
Foreign income from overseas investments
Non Trust Income
Trust Income
Foreign Income
Cash Interest
Crypto Income
💡 Tip for ETF & Managed Fund Holders
If you hold ETFs, managed funds, or LICs structured as trusts, you must enter the components from your final annual tax statement (AMMA) via the ETF Statement Components tool. This ensures your trust income, foreign income, and offset fields are correct. If you skip this, your report will be incomplete.
How to Run the Report
Go to Tax Reporting in the top navigation bar.
Select Taxable Income.
Choose your Financial Year from the drop-down menu at the top left.
Navexa will run the report for all holdings in that time period.
Understanding the Report Layout
Each field in the report corresponds to an ATO label. Tooltips in the interface also explain what each field means. For reference:
Australian Tax Return for Individuals
Gross interest other than from partnerships and trusts
10L – Gross interest: Interest paid from any Australian sources, excluding partnerships and trusts. This is the sum of the interest column from the non trust section.
10M – TFN amounts withheld from gross interest: The tax withheld from interest payments because your tax file number was not provided.
Dividends other than from partnerships and trusts
11S – Unfranked Amount: Total of all unfranked amounts from non-trust dividends.
11T – Franked Amount: Total of all franked amounts from non-trust dividends.
11U – Franking Credits: Total franking credits from non-trust dividends.
11V – TFN amounts withheld from dividends: Tax withheld from dividends because a TFN was not provided.
Deductions other than from partnerships and trusts
D8 – Dividend deductions @ 50%: The amount of an LIC capital gain you can claim as a deduction (50%) if you were an Australian resident when the LIC paid the dividend.
Australian Tax Return for Individuals (Supplementary Section)
Income from partnerships and trusts
13U – Share of net income from trusts: Total unfranked amounts from trust distributions.
13C – Franked distributions from trusts: Franked amounts plus franking credits from trusts.
13Q – Share of franking credit from franked dividends: Total franking credits from trusts.
13R – Share of credit for TFN amounts withheld: Tax withheld from distributions because a TFN was not provided.
Income from foreign sources and assets
20E – Assessable foreign source income: Total foreign income received.
20F – Australian franking credits from a New Zealand franking company: Total franking credits from NZ-sourced franked income.
20M – Other net foreign source income: Other foreign income received.
20O – Foreign income tax offset: Total tax withheld/offsets from foreign income.
Non Trust Income
Company dividends and other non-trust investments.
Trust Income
Income from trusts, ETFs, and managed funds.
Foreign Income
Income from overseas investments, with offsets.
Cash Interest
Interest income from cash holdings.
Crypto Income
Income from cryptocurrency holdings.
Holding-by-Holding Breakdown
Below the summary fields, you’ll see a table showing:
Use the horizontal slider (1) to see all columns
Each holding’s total income for the year (2)
A split into the categories above (3)
Grand totals at the bottom of each column (4)
This allows you to verify the numbers per investment before sending the report to your accountant.
🌏 Australia Only
Navexa tax reporting is currently available for Australian customers only.
This report is not tax advice. Always confirm the figures with an accountant before lodging your tax return.