When a positive amount is present for either the primary or non-primary production closing stock amount, the Closing stock action code must be provided.
Note: The following information is of a general nature. Contact the ATO for advice specific to your client's circumstances.
To resolve CMN.ATO.IITR.611008:
Log in to HandiTax and Select your Individual tax return.
Double-click the Business Worksheet to open it.
Enter a Closing stock code, valid codes are C, M, or R.
If you are not using the Business Worksheet, go to Item P8 on the Main form I, and enter the Closing Stock code - C, M or R if you have a value for either primary or non-primary production.
