TRT.432207: Tax losses deducted must not exceed total income.
The reason for the SBR error is that the amount of Tax losses deducted (item 25 C) exceeds total income. 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).