tax - share trader vs investor - help, page-84

1. ok. having claimed no CGT discount means your tax position cannot be changed for 2017

2. also, incurring a loss in 2018 or 2019 cannot change your tax payable for 2017

3. therefore, you need to be able to show you were a "trader" for the relevant loss year so you can get PAYG refunds for 2018 & 2019

4. being a "trader" depends on the repetition & regularity of your activity

you are welcome to email me an Excel Spreadsheet of all of your trades for all years and i will provide my opinion; including what to write to the ATO

the spreadsheet should have at least five columns, with: (i) date; (ii) buy/sell; (iii) share code; (iv) volume of shares; & (v) total value of transaction (including brokerage)

you should be able to download a spreadsheet from your account

i have successfully helped a few Hot Copperites with this

i am not a tax agent therefore just my informal advice and no fee charged. just a favour

regards