Individual Tax Return
You should select as "NO" in the the Australian Resident line, so that LITO will not be reflected in the tax form. New full offset amount...
Thu, 7 Sep, 2023 at 7:23 AM
Question: Can the client claim for child care paid and also enter child care subsidy received in his tax return? Answer: Child care subsidy is exempt. So n...
Tue, 6 Dec, 2022 at 8:18 AM
Question: The software is calculating the tax incorrectly despite the same figures , i have checked with different softwares and it seems that lodgeit is ca...
Tue, 29 Aug, 2023 at 1:50 PM
Question: Rental property interest portion is not flowing through to all respective shares in the rental property section of the tax return Answer: Make s...
Wed, 6 Oct, 2021 at 8:43 AM
Question: Can you explain the difference of this "Dividends" Answer: If there is an import of financials, it will show in item " Dividend...
Tue, 19 Nov, 2024 at 1:45 PM
Question: I noticed the ATI didn't take off the rental loss Gross Wage $104657+ interest $251 less Deduction: $2586 =$102,322 ATI The software did...
Tue, 19 Nov, 2024 at 1:48 PM
Question: 1. Can you please explain how the lump sum tax offset calculated? 2. Why has it not allowed the full amount? I believe that the client is in t...
Sat, 23 Oct, 2021 at 10:23 PM
Activate "Other Income" via Manage sections, Learn more from this guide - Income Averaging in Individual Tax Return (ITR) - Non Primary, an...
Tue, 19 Nov, 2024 at 1:39 PM
Error: Solution: Item W should be set to YES if an amount is entered at item B.
Tue, 19 Nov, 2024 at 1:33 PM