Note: This is only applicable only for a tax form year 2020-Present.
Make sure to activate first the "Foreign" via "Manage section"
Press "Income" and select "Foreign", scroll through item 20.
There are 2-ways to add "Foreign Rent"
A. Foreign Rent via BASIC Worksheet
Fill in the related tabs.
Once the "Exchange Rate" is entered, the "AUD Amount" tabs will be automatically calculated.
The "Gross Amount" of $6134.97 will auto injected via Label E "Assessable Foreign Income". Same with the other related accounts.
B. Foreign Rent via GRANULAR Worksheet
"Add Worksheet" and fill the relevant details
Sample outcome and calculations of your "Foreign Rental"/ "Foreign source income and foreign assets or property"
Note: If there is a credit, you need to manually add via "Foreign income tax offset"
