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FAQ: I am getting an error message on submission of trust return, “The information provided does not seem to be correct. Please correct. HINT: There must be a corresponding income source code on the return”?

The income source codes selected in the ‘Trust Participant Schedules’ under section ‘Details of Taxable amounts distributed to / vested in beneficiaries or taxable i.t.o. s7 or par. 68 – 72 of the Eighth schedule’ must correspond to the income source codes reflected under local and / or foreign income where amounts were distributed to / vested in beneficiaries or taxable i.t.o. s7.

For instance, if local interest was completed with source code 4201 and an amount was completed as distributed to / vested in beneficiaries or taxable i.t.o. s7, then in the trust participant schedule, the taxpayer should complete the corresponding amount under ‘Details of Taxable amounts distributed to / vested in beneficiaries or taxable i.t.o. s7 or par. 68 – 72 of the Eighth schedule’ in the ‘Trust Participant Schedule’.

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