• V Total assessable income

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    Work out the SMSF's total assessable income or loss for 2014–15: take Y Exempt current pension income away from W Gross income.

    Write the answer at V. If the SMSF has no total assessable income, write 0 at V. If the amount at V is a loss, print L in the Loss box at the right of the amount.

    Last modified: 15 Jan 2016QC 44344