Completing the Business Section of Individual Tax Return (ITR)

Modified on: Tue, 14 May, 2024 at 12:03 PM

Activate the "Business" section.

Note: LodgeiT doesn't support financial statements or depreciation data allocation among multiple business worksheets. You must do it manually.

Answer the PSI Questions

Be sure to report Primary AND/OR Non Primary Business Income via P8

Be sure to report the split. The split MUST reconcile with NET INCOME OR LOSS FROM BUSINESS

See attached spreadsheet example for Sole Trade Comparatives.

Click here to find out on how to edit Financial Statement Report.

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