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HandiTax - CTR.500229 Loss carry back tax offset in HandiTax

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Income Tax liability 2019-20 and Tax loss 2019-20 carried back to 2018-19 must not be provided together.

โ€‹Note: The following information is of a general nature. Contact the ATO for advice specific to your client's circumstances.โ€‹

โ€‹When claiming a loss carry back tax offset, both the Tax loss 2019-20 carried back to 2018-19 and the Income Tax liability 2019-20 must not be provided together
โ€‹Example: Company receives the error CRT.500229.

Loss information

To resolve the error, remove the value or any zeros at Item 13 label A.

Loss information

Or remove the value or any zeros at Item 13 label M.

Loss information

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