Oh I see thank you very much!!
Visited ATO community and this response from another user with same question
ATO said :
You need to report your total prior year capital gains on each return for continuity purposes - this helps us track whether or not you have capital losses you can apply against future returns. If this information isn't recorded, we may assume that the loss has been applied previously, and won't allow you to use these losses later.
- Forums
- ASX - General
- Capital loss v profit
Capital loss v profit, page-3
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)