If a distribution includes franked dividends (including franked non-share dividends): The distribution is grossed-up to include any attached franking credit.
If the SMSF is a complying superannuation fund: Show the amount of franking credit attached to such dividends at item 13, label F4 Credit: Refundable franking credits.
If the SMSF is a non-complying superannuation fund: Show the amount of franking credits attached to such dividends at item 13 label C2 Credit: Rebates and tax offsets.
Tax: Franking credit calculation in SMSF return
How to calculate Franking credits in a self managed super fund (SMSF) return