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Where to enter the assessable adjustment from sale of depreciable items?

Updated over 3 weeks ago

Assessable amount in a depreciation worksheet:

  • The profit made from the sale of the asset upon disposal (the net adjustment assessable amount) does not transfer to the main form.

  • This amount needs to be manually entered on the Main Form.

  • If you are unsure where to enter the amount, please contact the ATO to confirm where this is reported in the tax return.

  • Please refer to the ATO website: 24 Other income 2022 | Australian Taxation Office

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