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HandiTax - SBR error TRT.432207

Updated over 3 weeks ago

TRT.432207: Tax losses deducted must not exceed total income.
The amount at 'Tax losses deducted' must not be greater than the sum of 'Net Aust'n income or loss', plus 'Net capital gain', plus 'Attributed foreign income' amounts, plus 'Net - Other assessable foreign income', plus 'Aust'n franking credits from a NZ coy'

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The reason for the SBR error is because the amount of Tax losses deducted (item 25 C) exceeds total income.
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The amount of 'Tax losses deducted at item 25 label C exceeds the sum of the following labels:

  • Net Aust'n income or loss (Item 20 label S), plus

  • Net capital gain (item 21 label A), plus

  • Attributed foreign income' amounts (item 22 label M and X), plus

  • Net - Other assessable foreign income (item 23 label V), plus

  • Aust'n franking credits from a NZ coy (item 23 label D)

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