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HandiTax - Transfer the low value pool deduction to the individual tax return in HandiTax

Updated over a month ago

Item D6 in the Individual Tax Return needs a breakdown of the Low Value Pool deduction. This helps complete the Income Test fields. The Depreciation Worksheet includes options for how the Low Value Pool deduction is transferred.

Select Transfer choice 5 or 6 to send the Low Value Pool figures to item D6 and the correct information field for Investments or Other.

Depreciation worksheet

Transfer choice 3 will not transfer the Low Value Pool figures to the Rental Schedule, but rather at Item D6 as required, the information field for Rental at Item D6 will be completed.

D6 Low Value Pool Deduction

Note: The rental percentage ownership is also taken into account if a Rental Schedule has been completed.

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