Error Prompt: CMN.ATO.CGTS.402203 - A capital loss must not be carried forward when a positive net capital gain amount has been provided:
- Other net capital losses carried forward to later income years
- Net capital gain
Solution:
A. If there is a positive amount of net capital gain, please ensure that there is no carried forward amount in Item 13V (via Other > Losses section)
B. If you have chosen YES in the question "Fill capital gains manually?" in the Capital Gain schedule, then you need to also check if you have an amount in Item B - "Other net capital losses carried forward to later income years". If there is an amount, delete it if the Net Capital Gain is a positive value (below image shows a positive net capital gain of 50,000).
*Below image shows the Capital Gains section on which the question "Fill capital gains manually?" was selected as YES:
*Delete the amount in Item B.
