QUESTION: Interest income section has 22 line items. How do I add them all in the Interest income section of the Individual Tax Return form?
ANSWER:
Since you’ve reached the maximum number (maximum line items is only 20) of line items allowed in LodgeiT and need to add more, you may consolidate the entries by summing the amounts and reporting them as a single line item among the 1st 20 line items allowed for entry. This will help reduce the number of individual entries required.
Please note that only the total amount is reported to the ATO. The itemised breakdown is for client and agent reference purposes only.