Use the worksheets on the previous page to work out your net income or loss from your primary and non-primary production businesses this year, not including any non-commercial business losses deferred from a prior year.
Completing this question
Step 1 |
Write the amount at (h) on worksheet 7 at B item P8 on page 3 of your schedule. Do not show cents. If the amount is a loss, print L in the box at the right of this amount. |
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Step 2 |
Write the amount at (p) on worksheet 8 at C item P8 on page 3 of your schedule. Do not show cents. If the amount is a loss, print L in the box at the right of this amount. |
Step 3 |
Add B and C and write the answer in the adjacent Totals column. The amount shown should not include any non-commercial business losses deferred from a prior year (which are shown at D or E - see Deferred non-commercial business losses from a prior year). If you made a loss from your business, print L in the box at the right of this amount. If the amount at B or C includes details from more than one business activity, and any one of these activities resulted in a net loss, you also need to complete items P3 and P9 on your schedule. |