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V Total assessable income

Last updated 12 February 2019

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.