Why does the program, when using the automatic function for expenses, put them against interest income first and then to eligible dividends over putting them to interest income and then to foreign income which is often taxed at a higher rate than eligible dividends for the beneficiaries.
Probably because it’s lookiing at it from the point of view of taxability in the trust, not to the beneficiaries. Taking expenses against straight income first, leaving the tax on foreign income to be (potentially) covered by the tax already paid?
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