IITR.310063: Other net capital losses carried forward to later income years on CGTS schedule are invalid. For an attached Capital Gains Tax schedule, if the Net capital gain is greater than zero, there cannot be an amount at Other net capital losses carried forward to later income years.
Log in to HandiTax and select your tax return.
Edit the Capital Gains tax (CGT) schedule. The taxpayer has a capital gain and an amount at Item 3 Label B Other net capital losses carried forward to later income years.
Item 3 label B must be 0 or blank (not provided). Click Save and Close when complete.
Alternatively, if there are losses, ensure all losses are applied towards gains from CGT worksheets and Managed Funds. Once the order number is entered, the values are populated automatically and do not need to be entered in.
