Individual: Income

Capital Gain for Sold Property
Illustration. Allocating expenses 50% to both owners of the property. Activate "Capital Gain" via Manage section Select "Income", a...
Thu, 14 Nov, 2024 at 1:05 PM
Current Year Capital Gains" in Managed Fund
Make sure to activate "Managed Fund" via financial image. Via Income > Managed Fund create a "Worksheet" and impute via 18H ...
Wed, 13 Nov, 2024 at 8:02 AM
18X Credit for foreign resident capital gains withholding amounts
Activate "Trust" via Manage section Via Item 13 ,select "Trust" from the Income tab, "Add Worksheet" Open the Trust, and...
Fri, 15 Nov, 2024 at 1:26 PM
Trust Capital Gains
Please follow the following steps to update the Trust capital gains in ITR. Activate the Capital gain and save it. Please select the option "YES"...
Wed, 6 Nov, 2024 at 1:33 PM
Non Resident Foreign Income (NRFI) Schedule
NRFI schedule section can be found in the ITR under the "Income tab" if a person is non-resident -  Note: "Australian Resident" as YES ...
Sat, 9 Nov, 2024 at 11:07 AM
Lumpsum E-payment received
Open the form and press " Income > PAYG " Add worksheet via "Item 1 - Salary or Wages" Fill via "24Y Lump sum payments E&q...
Tue, 17 Dec, 2024 at 7:47 AM
How to add employment termination payments
Make sure that PAYG is activated via financial image 2. Once activated, click "Income" > "PAYG". Then, scroll below and find th...
Wed, 20 Nov, 2024 at 3:21 PM
Superannuation Income Stream
Select "Income" > "PAYG" via item 6 If ATO prefill not available, click here If the client an Australian superannuation income st...
Wed, 2 Oct, 2024 at 10:04 AM
Unfranked Dividend with no TFN withholding for Non resident
Question:  I have an individual who is not a resident for tax. They have rental losses which carry forward however they also received an unfranked dividend ...
Mon, 25 Nov, 2024 at 9:55 AM
Country of Residence
Option to choose country of residence is only available in 2020 year. In previous years, user can fill Other Attachments Schedule in Individual section of t...
Mon, 25 Nov, 2024 at 10:03 AM