Individual Tax Return

Negative PSI
Amounts in PSI section should not be negative. It is mandatory for ATO and cannot be avoided. Negative amount can be entered in table item, but only to adju...
Thu, 22 Sep, 2022 at 8:28 AM
Occupation Code Description as "Other"
For the "Occupation description" not listed or you want it as "other", you can user code 999000 "Occupation not Listed" Curre...
Tue, 25 Jul, 2023 at 1:30 PM
ITR - IT2 Reportable Employer Superannuation Contributions
Question:  I need to add an amount at IT2, but it doesn't seem that this is possible?   Answer: Please update it via Income > Item 1 Salary or Wag...
Thu, 20 Oct, 2022 at 8:11 PM
Capital losses in the Managed fund section
Question:  How to put capital losses in the managed fund section and offset these against capital gains? Answer: Other refundable tax offsets: exploration ...
Wed, 2 Nov, 2022 at 12:29 PM
Additional Information / Notes for the ATO
Question: How can attach the addition information in amended income tax return? Answer: There is a field “Additional Information for the ATO (Other Attachm...
Tue, 1 Nov, 2022 at 6:41 PM
Prior Year Net Capital Losses (ITR)
Question: How to add in Prior Year Capital Losses. Solution: Go to "Income" tab > Capital Gains > Prior year net capital losses> clic...
Fri, 18 Nov, 2022 at 12:00 PM
Zone Tax - Offset (ITR)
Question : How to treat Zone Tax - Offset?   Solution : 1. Activate the "Tax Offset" via Manage Selection 2. Go to "Offsets" tab...
Tue, 6 Dec, 2022 at 7:55 AM
Income/Deduction from Partnership in ITR
Question:   I am doing an individual ITR which has partnership distribution and I want to deduct motor vehicle expenses against this partnership income at ...
Fri, 24 Feb, 2023 at 8:56 AM
Foreign Rental worksheet
This is applicable only for a tax form year 2020-Present. Press "Income" and select "Foreign", scroll through item 20. "Add ...
Mon, 6 Mar, 2023 at 11:19 AM
Superannuation contributions on behalf of your spouse (Item T3)
Question:  I need to claim $3,000 he paid for his spouse and we need to claim the amount as deduction. I can see personal super contribution section, but wh...
Mon, 27 Mar, 2023 at 7:50 AM