Question: A low-value pool (LVP) is jointly owned by two people. Lodgeit is automatically entering it under D6 based on the current settings. How can I prevent this? I want to report it under the rental property section so that the cost can be split between the co-owners.
Answer: Note that, you cannot report the depreciation twice on D6 and on Rental Schedule. IF it is reported on Rental Schedule, please delete the LodgeiT "Tools".
Workaround:
1. Delete LVP via "Rent", because as per ATO LVP should be report in D6
2. Remove the LVP via "Tools" so it won't inject to D6 (because it injects the full/100% amount)
3. Manually type the 50% amount in D6 per individual.
