General Pool Small Business Immediate Write-off : LodgeiT

Where to add the General Pool and Small Business Immediate Write-off in the Individual Tax Return?

Modified on: Wed, 23 Sep, 2026 at 11:14 AM

1. Go to Business > Other tab.

NOTE: Ensure that the Depreciation section was ticked check in the Managed Sections of the form, so that Label P10 will show. See below image:

2. Go to P10 "Small business entity simplified depreciation" and add the correspoding assets as follows:

Deduction for certain assets - add assets related to Small Business Immediate Write-off
Deduction for general small business pool - add General Pool related assets

NOTES:

Add assets using "Add Worksheet" and "Quick add" button if you wanted to have a tax depreciation schedule, otherwise you can just encode the asset name and amount in the form.
Use the "Add Worksheet" button to add 1 asset at a time, while use "Quick add" button to import multiple assets into the tax form.

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