Lodgeit

This guide explains how to report rental income and related expenses in the Individual Tax Return (ITR) within Lodgeit. Add Rental Property to the Tax Retu...

QUESTION: Interest income section has 22 line items. How do I add them all in the Interest income section of the Individual Tax Return form?  ANSWER: Sin...

This guide covers two scenarios for reporting trust income on an individual tax return: When the Trust is a Client When the Trust is Not a Client 1. Wh...

The error code CMN.ATO.INCDTLS.000428 indicates that there is a validation issue within the income details section of the tax return. Specifically, it sug...

Illustration: The business operates as a service-based entity, not a financial investment. How to remove amount via IT5 Net Financial investment loss? ...

If the prior year loss is greater than the current capital gain amount, the prior year losses must first be applied to the gross capital gain before applyi...

Error: CMN.ATO.IITR.730165 - Community Development Employment Project (CDEP) amount must be provided.  Guidance:  The issue could be resolved by removing...

Prompt: Capital losses utilised must not be more that total losses available to utilise Guidance: If you are trying to manually utilise a prior year capi...

Error: CMN.ATO.IITR.730074 - Australian Government allowances and paymenys like Newstart, youth allowance and austudy payment must be provided.  Resoluti...

Scenario You have a rental property that is currently not being rented out (e.g., occupied by family members), but you may rent it again in the future. You...