Small business tax offset from PTR to ITR

Modified on: Tue, 27 Feb, 2024 at 9:25 AM

Question: I am preparing Partnership Tax Return but the Small Business Tax Offset is not showing on the partners individual ITR.

Solution:

Activate "Small Business indicator" via the ITR.

1. Activate "Business" via Manage Sections

2. Via "Business" tab, select "Business Income & Expenses"

3. Scroll through the part "Small business income" and set it to "YES"

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