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  • Individual Tax Return
    • Individual: General
      • Activate "Individual Tax Return" Reporting Module/Manage Sections
      • Preparation of Individual Tax Return (ITR)
      • Spreadsheet Example - Sole Trade Comparatives
      • Franking Credit Form (Refund) / Short Refund Return
      • Auto fill contact details
      • Notice of Assessment (NOA)
      • WHM and LITO (Low Income Tax offset)
      • Claiming Part Year Threshold with TFN Witholding from Interest Income
      • Additional Information / Notes for the ATO
      • Trust Account Consent Authority Declaration
      • Name must not exceed 15 characters / CMN.ATO.IITR.400044
      • Error: Period end date must be the last day of the month
      • Can I lodge the Final Tax Return of Individual Tax Return (ITR)?
      • Q&A: Why do we cannot activate the selection button in the CGT Schedule "Have you applied an exemption, rollover or additional discount?" ?
      • How to Prepare Nil Individual Tax Return
      • CMN.ATO.INCDTLS.000131 and CMN.ATO.INCDTLS.000132
      • Individual Tax Return (ITR) not available via "Add Form"
      • Death benefit taxed element
      • CMN.ATO.GEN.EM0004
      • Individual Tax Return (ITR)- for Tax Agent use only
      • How to Fix Duplicate Taxable Payments and PSI Income in LodgeiT
      • Individual Tax Return: " From Managed Funds" Label 20
      • Why does the "Replacement asset roll-overs" is not reducing the capital gain in the CGT Schedule?
    • Individual: Income
      • Adding "Dividends" manually
      • Label 18: Capital Gains (CGT)
      • Label 18: Capital Gains (CGT) - Multiple Trust Distributions
      • Worksheet: Capital Gain Tax (CGT) - "Granular method"
      • IT1: Add Reportable fringe benefits amount
      • How to show estimated PAYG Instalments
      • Income Averaging - Non Primary
      • Label 20: Foreign Source Income / Net Foreign Source Employment Income
      • Managed Fund Distribution
      • Label 24: Special Professional Income
      • Interest on loans for shared owner
      • Dividend difference (Taxable and Accounting Facts)
      • Salary and Wage: Occupation Code Description
      • Foreign Rental worksheet
      • Label 10: Non-Australian Resident with Interest income
      • Individual Tax Return (ITR) with Partnership (with $20K loss assessable income)
      • Partnership Losses
      • Capital Allowance Recoupment
      • Rental Property Ownership Split (Rental Worksheet)
      • Rental Schedule from QuickBooks
      • Label 18: Capital Gain for Sold Property
      • Current Year Capital Gains" in Managed Fund
      • Item 18X: Credit for foreign resident capital gains withholding amounts (flowing to Estimate Tab: Credit for tax withheld – foreign resident capital gains withholding)
      • Trust Capital Gains
      • Non Resident Foreign Income (NRFI) Schedule
      • Lumpsum E-payment received
      • How to add employment termination payments
      • Label 6/ T2: Superannuation Income Stream
      • Unfranked Dividend with no TFN withholding for Non resident
      • Country of Residence
      • NRAS (Share of National Rental Affordability Scheme Tax Offset)
      • Income Average for a Sports Person
      • CMN.ATO.IITR.000263 / CMN.ATO.IITR.302101
      • Student Loan Repayment (SFSS loan)
      • Deductions for Managed Fund
      • Capital Gains distribution/split among multiple owners or investors
      • Unfranked Dividend appears in the Tax Form
      • Interest "Difference" in the tax form (ATO Prefill)
      • Foreign Resident Capital Gain Tax
      • Foreign income tax offset (FITO)
      • Non-resident Capital Gain Discount (CGT)
      • CGT discount on capital gains from Managed Fund
      • IT2 Reportable Employer Superannuation Contributions
      • Prior Year Net Capital Losses
      • Capital Gain Discount used
      • How to Exempt the Current Year Capital Gain?
      • Label T2: Australian superannuation income stream
      • Claiming Motor Vehicle Expenses Against Partnership Income
      • Superannuation Income Stream (Untaxed element)
      • Bonuses from life insurance companies and friendly societies
      • Carry Forward Foreign Property Loss
      • CMN.ATO.INCDTLS.000014
      • Label IT5: Net Financial investment loss Calculation
      • Partial "Expense" share amount for Rental Property
      • CMN.ATO.IITR.311085
      • 18V: Unapplied Net Capital Losses Carried Forward
      • Australian franking credits from a New Zealand franking Company (From Trust)
      • Label 18: Share Percentage for "Less Cost Incurred" in Capital Gain
      • Label 21: Reduce the capital loss that was carried over from previous years
      • Investment income
      • CGT gains distribution is not showing up
      • Label 20: Net Foreign Pension
      • Multiple Foreign Source Income Sources
      • Net foreign source employment income
      • Label 20: Foreign Source Income and Foreign Assets or Property
      • Label 20: Foreign Source New Zealand Franking Credits (Gross amount)
      • Label 20: Other Foreign Source Income
      • CMN.ATO.IITR.731359
      • Capital Gain (CGT) - Main Residence Exemption
      • CMN.ATO.GEN.430081 / Rental
      • Non-resident distribution / Share of credit for tax paid by trustee
      • Remove/Delete a linked "Trust" via ITR
      • Split amount for 2 owners "D6 Low Value Pool Deduction"
      • Rental Property Split (Rental Worksheet) - Manual Editing/Changing of Amount
      • Capital gains disregarded as a result of the Sale of Pre-CGT Asset
      • CMN.ATO.CGTS.402220 - Earnout arrangements
      • Item 13: Dividend Flow Through - Company -Trust-Individual
      • "The field cannot contain only spaces"
      • CMN.ATO.INCDTLS.000393 - Trust income details are incomplete
      • Using the CGT Worksheet for a Partially Exempt Main Residence Owned by a Couple
      • CMN.ATO.TRT.442903 Error — Build-to-Rent Capital Works Deductions
      • Reporting Capital Gain on Sale of Foreign Property and Foreign Income Tax Offset
      • Removing or Adjusting ATO Prefilled Dividends for a Non-Resident Taxpayer
      • Reporting Overseas Capital Gain for Australian Residents in ITR 2025
      • Employment Termination Payments (ETP) – Taxable Component Requirement
      • CMN.ATO.CTR.430023
      • Reporting Capital Gain Distribution from a Trust to a Non-Resident Individual in Lodgeit (ITR)
      • 24 E: Tax Withheld - Lumpsum Payments in Arrears
      • CMN.ATO.IITR.000222 / Jobseeker Withholding / CMN.ATO.INCDTLS.0000020
      • 24Y: Treatment of Lump Sum E Payments in Lodgeit
      • Rental Worksheet for Individual Tax Return (ITR)
      • ATO Prefill is more than 20 items under interest income?
      • Guide for Reporting Trust Income on Individual Tax Return
      • ITR Error Code: CMN.ATO.INCDTLS.000428
      • Other income or loss relating to carrying on a business
      • Capital Gain Tax (CGT) with prior year loss
      • CMN.ATO.IITR.730165
      • Capital losses utilised must not be more that total losses available to utilise
      • CMN.ATO.IITR.730074
      • How to Pause a Rental Property Without Deleting Data
      • ESS: Discount from taxed upfront schemes - elegible for reduction
      • How to resolve error CMN.ATO.IITR.80005
      • Reporting Non-Assessable Income and Expense
      • Death Benefit Employment Termination Payment (ETP) Tax Credits for PAYGW
      • CMN.ATO.IITR.EM0075 – Taxable payments adjustment reason must be provided
      • Label 10: Credit for tax withheld where TFN not quoted
      • How to Record Capital Gains from Foreign Mutual Fund Units in LodgeiT
      • CMN.ATO.IITR.210036
    • Individual: Deductions/Expenses
      • "Deductions" tab
      • D12 - Personal Superannuation Deductions
      • "Validating" Work Related Expenses (D5)
      • D11: Deductible amount of UPP Foreign Pension or Annuity
      • Government Super Co-Contribution
      • D12: Personal Concessional deductions
      • Loss Carried Forward: Primary Production Losses and Non Primary Losses
      • Prompt: The Car make and model is required
      • Depreciation Data in the ITR Worksheet in Lodgeit (Without Using the Tools)
      • Work Related Expenses: D1 - Depreciation expense inside the Car Expense schedule
      • Rental Property Loss - carry forward to next year ITR
      • The Expense code field is required
      • CMN.ATO.DDCTNS.000105 and CMN.ATO.DDCTNS.000106
    • Individual: Offsets
      • Senior tax Offset (SAPTO)
      • T1 Seniors & Pensioners (SAPTO) for Widow/er
      • How Lumpsum tax offset calculated?
      • Invalid Carer Tax Offset
      • Invalid Carers Payment (T5)
      • Capital losses in the Managed fund section
      • Label T3: Superannuation contributions on behalf of your spouse
      • Label T1: Tax Offset for Single Parent
      • Issues with Excess Concessional Contributions Tax Offset (Division 293)
      • Superannuation Tax for Clients Over 80 Years Old (CMN.ATO.IITR.201014)
      • "Zone Offset" Manual fill
      • Veterans' Superannuation (Invalidity Pension) Tax Offset (VSTO)
    • Individual: Medicare
      • Private Health Codes
      • Medicare Levy not available/NIL (not showing in "Estimate" tab)
      • How to Reduce Medicare Levy
      • Calculating off-set for private health insurance rebate non resident
      • Medicare Levy Surcharge
      • Medicare Levy Exemption
      • CMN.ATO.IITR.210035
      • Entering Number of Dependant Children for Medicare Levy Surcharge Threshold in Lodgeit
      • CMN.ATO.IITR.000600
      • Calculating Private Health Insurance (PHI) Rebate for Spouse
      • Medicare Levy Surcharge Threshold
      • Medicare Levy Calculation for Husband and Wife
      • Spouse for Part of the Year: Medicare Levy Surcharge (MLS)
      • Medicare Levy Liability Before Arrival – Enter Exemption Days
      • HELP Repayment Issue in Individual Tax Return (ITR)
      • Spouse Income Not Required to Be Shared
    • Individual: Adjustments
      • Part Year Tax Free Threshold
      • How to Report Holiday Makers Wages
      • A1: Adjustments for Under 18 Excepted Net Income
      • Adjusted Taxable Income Appears Higher Than Expected
    • Individual: Business
      • Description of Main Business
      • Applying PRIOR YEAR LOSSES
      • Business & PSI Income
      • Car Expense for Business
      • Completing the Business Section of Individual Tax Return (ITR)
      • How to use Deferred Business Losses
      • Label 14: Personal services income (PSI)
      • Non Deductible expenses - PSI
      • How to Record Jobkeeper
      • Non Commercial Losses - Profit business A Loss Business B
      • Small business tax offset
      • Business worksheet (Financials imported from QuickBooks)
      • Negative PSI / Net PSI Loss
      • Small Business Skills and Training Boost / Small Business Technology Investment Boost
      • Button: Assessable government industry payments
      • Handling Cash Flow Boost reporting
      • How to Access Livestock Calculator in Individual Tax Return
      • Depreciation on Business Income in Individual Tax Return (ITR)
      • Why the prefill is going into PSI not to "other labour income"?
      • Temporary Full Expensing for Sole Trader
      • Label Z
      • ANZSIC Code (P2-Business): "Aged or Disabled Carer"
      • Motor Vehicle depreciation - related to business in ITR (Individual Tax Return)
      • Deferred Non-Commercial Business Losses - prior year loss only in the Current Year ITR form
      • General Pool for Small Business Entity in ITR Form (Individual Tax Return)
      • Defer Losses of two Business Activities under a single ABN
      • Why does there is no amount in Label P8-M Depreciation Expenses in the Individual Tax Return (ITR)?
      • Where to add the General Pool and Small Business Immediate Write-off in the Individual Tax Return?
      • Multiple Businesses as Sole Trader: How to fill-out label "P2- Description of main business or professional activity"?
    • Individual: Income Test
      • IT6: Adjusted Taxable Income (ATI) and Net Rental Property Loss calculation
      • Adjusted Taxable Income (ATI) and Estimated Total Income
      • Child Support
      • Income Test: Estimated Total Income and Estimated Eligible Income
    • Individual: Estimates
      • HELP-HECS Debt
      • HECS Repayment Calculation
      • Where to find HECS-HELP Repayment?
      • Low Family Income / Repayment Threshold for HECS
      • Claiming Refund of Non-Resident Withholding Tax in Lodgeit
      • Notional Tax Section
      • How to Calculate " Tax on Taxable income"
      • How Tax Estimate is calculated for part-year resident Working Holiday Maker?
      • Estimate: Income Averaging for Primary Production
      • How is "Compulsory Higher Education Loan repayment (HELP)" calculates
      • HECS and Help Repayment
      • HECS (Worldwide income)
      • "Estimated total income" and "Estimated total"
      • Zone Tax - Offset
      • Excess Concessional Contributions (Tax Offset)
      • Small business income tax offset on trust distributions
      • Adjustment for Super Contributions
      • Disable/ Irrelevant "Income averaging – Primary producer"
      • Q&A: Why does Number of Prior Years amounts of Income Averaging - Primary Producer always show in the Estimate Section?
      • Income Averaging tax offset
      • Q&A: Why is the tax rate 45% in the ITR (Individual Tax Return)?
      • Handling Excess Concessional Contributions in Tax Estimation
      • HELP Debt Not Included in Estimate
      • Income Averaging – Primary Producer Section Showing
      • Excess Private Health Insurance Entitlement
  • Company Tax Return
  • Trust Tax Return
  • Partnership Tax Return
  • Superannuation Fund Tax Return (SMSFAR)
  • Other Forms
  • Financial Report
  • Integrations
  • Importing Financials
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Solution home Individual Tax Return Individual: Business

Non Commercial Losses - Profit business A Loss Business B

Modified on: Tue, 29 Sep, 2026 at 12:31 PM

For Sole Trader with 2 businesses, one is profitable and one is deferred losses.


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Related Article:

Using Lodgeit Smart Excel Utility to Create Financial Reports for a Sole Trader

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