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Tax New Zealand: LTC or Partnership income attribution must equal 100%

How to correct the error where LTC or Partnership income attribution must equal 100%.

If your LTC or partnership income attribution does not total 100%, Inland Revenue will reject the IR7 return with error '2067 (Total partnership attributionOfIncome)'.

This error must be resolved prior to filing the return and its attachments (IR7L and IR7P). To support this, the IR7L and IR7P attachment summary screens have been enhanced to display the percentage allocated to each owner or partner, along with the overall total, allowing you to verify allocations without opening individual records.

Follow the below steps to resolve:

  • Review the owner or partner entries and adjust the percentages as required until the total equals 100%. Once corrected, you can proceed with filing the return.

  • Open the relevant owner or partner records and adjust the attribution percentages as required to resolve the error and enable successful filing of the return.

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