Part D - If the amount at SUBTOTAL is a loss

Step 19

If the amount you wrote at SUBTOTAL is a loss leave F and Z at item L1 blank.

Step 20

Use worksheet 2 to work out the primary production losses you carry forward to 2012-13 and the non-primary production losses you carry forward to 2012-13.

Make sure you show any losses as negative amounts in worksheet 2. Amounts you write at (t), (u), (v) and (w) may be losses. If so, show them as negative amounts.

Worksheet 2
Amount from SUBTOTAL This amount is a loss, show it as a negative amount.	-$	(p)
Amount from item D9 on page 4 of your tax return	$	(q)
Amount from item D12 on page 15 of your tax return (supplementary section)	$	(r)
Add (q) and (r).	$	(s)
Add (s) which is either zero or positive to (p) which is negative. If (t) is positive, go to step 23.	$	(t)
Amount from Net primary production distribution item 13 on page 13 of your tax return (supplementary section)	$	(u)
Amount from B item 15 on page 14 of your tax return (supplementary section)	$	(v)
Add (u) and (v).	$	(w)
If (w) is a loss and is the same or a greater loss than (t), write the amount from (t) at (x). If (w) is a loss and is a smaller loss than (t), write the amount from (w) at (x). Otherwise, write 0 at (x).	$	(x)
If (w) is a loss and is the same or a greater loss than (t) write 0 at (y). If (w) is a loss and is a smaller loss than (t), take (w) away from (t) and write the answer at (y). If (w) is not a loss then write the amount from (t) at (y).	$	(y)

Step 21

If the amount at (x) is zero, the amount at Q item L1 is the amount of primary production losses you carry forward to 2012-13. Keep a record of it for next year.

If the amount at (x) is not zero, add the amount at (x) to the amount at Q item L1. When adding these two amounts ignore the fact that they are both negative amounts. The answer is the amount of primary production losses you carry forward to 2012-13. Keep a record of it for next year.

Step 22

If the amount at (y) is zero, the amount at R item L1 is the amount of non-primary production losses you can carry forward to 2012-13. Keep a record of it for next year.

If the amount at (y) is not zero, add the amount at (y) to the amount at R item L1. When adding these two amounts ignore the fact that they are both negative amounts. The answer is the amount of non-primary production losses you carry forward to 2012-13. Keep a record of it for next year.

You have finished this question.

Step 23

The amount at Q is your primary production losses you carry forward to 2012-13.

The amount at R is your non-primary production losses you carry forward to 2012-13.

Keep a record of them for next year.