LodgeiT

Question: How to add in Prior Year Capital Losses. Solution: Go to "Income" tab > Capital Gains > Prior year net capital losses> clic...

Question : How to treat Zone Tax - Offset?   Solution : 1. Activate the "Tax Offset" via Manage Selection 2. Go to "Offsets" tab...

Question:   I am doing an individual ITR which has partnership distribution and I want to deduct motor vehicle expenses against this partnership income at ...

This is applicable only for a tax form year 2020-Present. Press "Income" and select "Foreign", scroll through item 20. "Add ...

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...

Estimated total income is the gross income from all sources less certain deductions, such as expenses, allowances and reliefs. If you are married or in a ci...

Make sure to use correct "Type", and system automatically calculating, depending on the "Purchase date" of the item.  You may a...

Question: This client received First Home Saver Scheme amount during the year. The release approval was in 2022 and hence the amount should be shown in 2022...

The Excess Concessional Contributions are counted as personal assessable income taxed at the marginal tax rate. Learn more from the ATO LodgeiT has a wo...

Question: For NAB shares, there is a capital gain of $2,129.27. For property sale, there is a capital gain of $19,418.10. Both amounts have been utilised. T...