best guide is here:...

  1. 37,911 Posts.
    lightbulb Created with Sketch. 828
    best guide is here: https://www.ato.gov.au/General/Capi...ng-as-investor-or-share-trading-as-business-/

    if you actually carry on a business of share trading & wish to report your tax that way, you fill out the Business & Professional Items (which is the 3rd section of the old Tax Pack booklets & forms) :

    https://www.ato.gov.au/Forms/Business-and-professional-items-2017/

    it used to look like this: http://www.accountantsdesktop.com.au/wp-content/uploads/2012/08/ReturnBusProfItems.pdf

    but now, you just use 'MyTax', on-line: https://www.ato.gov.au/Individuals/Lodging-your-tax-return/Lodge-online/

    i became a 'Business' for the 2009 year because i got hammered in the GFC and would have had a large CGT tax bill for 2008 if I did not change from CGT to a business (i amended my 2007 tax return from CGT to a business)
    Last edited by ddzx: 22/01/18
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.