Investment losses

If your only loss is from a passive investment (for example from a rental property) at Distribution from partnerships less foreign income, complete a Loss details worksheet and show:

• Description of activity enter 'Residential property operators'
• Type of loss select '0: Passive investment - partnership'
• Primary production - your share of total loss enter '0'
• Non-primary production - your share of total loss enter '0'.

Continue to step 4.

If you have a loss from a business activity and a loss from a passive investment (for example from a rental property) at Distribution from partnerships less foreign income, then you are not required to report the loss from a passive investment. You need to complete a Loss details worksheet for each other business activity loss.

If you are unsure if a business activity has an overall loss see Work out whether you have a loss for the business activity, or continue to step 2.

Work out whether you have a loss for the business activity

Complete the worksheet for each business activity to determine whether you have a loss for that activity.

Worksheet 1a - Working out whether you have a loss

Row	Calculation element	$
a	Income from the activity shown at other sections: gross interest dividends (unfranked, franked and franking credit amounts) farm management repayments net capital gain other foreign source income
b	Loss from the activity shown at: primary production and non-primary production distribution from partnerships net personal services income net primary production and net non-primary production business income or losses (Include the loss here as a positive amount)
c	Partner deductions attributable to the activity (including landcare operations)
d	Loss from the activity at other foreign income (Include the loss here as a positive amount)
e	Add b, c and d.
f	Subtract e from a.

If the result at f is negative this activity has an overall loss and you must complete a Loss details worksheet. Continue to step 2.

If the result at f is zero or positive this activity does not have a loss for this business activity. If you have more than one business activity loss, complete a Loss details worksheet for each other activity. If you do not have a loss from another business activity show:

• Description of activity enter the relevant description
• Type of loss select 5: Commissioner's discretion
• Reference select AN: NCL ruling code - Authorisation number for private ruling
• Number enter '200926'.
• Primary production - your share of total loss enter '0'
• Non-primary production - your share of total loss enter '0'.

Continue to step 4.