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Where are you showing your CFD gains & loss on your tax return?, page-14

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Learningthegame

631 Posts.

5

12/12/20

18:39

Post #: 49535053
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Originally posted by Tarvold: ↑

No it doesn't auto populate all the transactions, neither Capital Gains nor dividend/distributions.

So yes you need to keep a record of all your share trades & distributions from companies.
Capital items you lump together as Gains, Losses, discounted etc as a single entry.
You do need however to list all the individual distributions, most of these do come through though.
I found that distributions from REITs & other managed trusts plus corporate bonds do not auto populate.

One word of warning re reporting from Commsec.
I noticed that the annual report they generated, the last time I looked, calculated all the FF tax credits using 30% even for small companies taxed at 27% etc.
So I wouldn't just rely on generated reports from any provider without at least checking them.

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awesome thanks ill continue with my log book old style and have some fun come tax time ..Im guessin ill probably save a heap off my tax bill after i take into account my share trading losses. 37c in dollar range and my poor trading skills so well worthwile i think
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