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Sole traders or business income/losses, partnership or trust distributions (not from a managed fund)

Complete this section to report on business income or losses and partnership or trust distributions.

Last updated 25 March 2024

If you were a sole trader or had business income or losses, or you received partnership or trust distributions, you will need to select the items that are relevant to you:

You will be able to enter loss details relating to all of the above except trusts. Loss details section will be automatically displayed in the Business/sole trader, partnership and trust income (including loss details) section.

If you made farm management deposits or had repayments, you will also need to select this item.

If you select any of the above items (except Personal services income), the Small business income tax offset will automatically be displayed in the Offsets section that you can complete if you qualify for the offset.