Adding Low Value Pool Financial Investments
Option 1 - Via LodgeiT Depreciation "Tools"
Set-up your asset via LodgeiT "Tools"
Select "Migrate Depreciation", it will automatically inject to the tax form.
The LVP for Financial Investment is under D6
The illustration below indicates that the 'Air Conditioner' was automatically included, but the amount is zero.
You need to open the item, and select the "Type", in this case this is for "Investment"
Result:
Notes
- After the migration of the depreciation, LodgeiT no longer imports assets from the depreciation tool. Users must now edit their depreciation directly within the tax form. Therefore, users should continue editing their assets in the tax form.
- Certain assets cannot be migrated automatically. You can do it manually by creating an asset worksheet in the particular area of the tax return. Use the asset description field to search for the asset, then select it from the search results.
Option 2 - Direct Fill
Directly add the asset into the tax form, using "Worksheet"