Completing your tax return
If you show income at TOTAL INCOME OR LOSS on page 3 of your tax return:
- take away the amount at TOTAL DEDUCTIONS from the amount at TOTAL INCOME OR LOSS; write the result at SUBTOTAL
- if the amount at SUBTOTAL is less than zero, print L in the LOSS box at the right of the amount.
If you show a loss at TOTAL INCOME OR LOSS on page 3 of your tax return:
- add the amount at TOTAL DEDUCTIONS to the amount at TOTAL INCOME OR LOSS
- write the result at SUBTOTAL; print L in the LOSS box at the right of the amount.
Where to go next
- Go to question L1 Tax losses of earlier income years.
- Return to main menu Individual tax return instructions.
- Go back to question Total deductions.