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  • Step 7-Work out your carry forward losses-label V item 17

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If your capital losses were greater than your capital gains, you were directed to this step from step 4.

    If you have capital losses remaining, you should show a '0' (zero) at A.

    At V, show the amount by which your capital losses are greater than your capital gains. You can now carry these capital losses forward to later years, until you have capital gains against which you can deduct these capital losses.

    Note

    For more information about capital gains tax and managed fund distributions, obtain a copy of the Guide to capital gains tax 2001.

    Last modified: 06 Oct 2009QC 16182