ato logo

Reconciliation to taxable income or loss

Last updated 2 October 2019

Taxable income or loss

At T Taxable income or loss item 7 write the amount shown at T Total profit or loss item 6. If this amount is a loss, print L in the box at the right of the amount.

This label is mandatory. You must include an amount even if it is zero (if zero write 0).