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Thanks so much ddzx, my wife spoke with a tax agent recommended...

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aussieInvestor

42 Posts.

20/05/19

20:12

Post #: 38657580
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Originally posted by ddzx: ↑

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

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Thanks so much ddzx, my wife spoke with a tax agent recommended through a friend and we are going to go and see him. At least now I know what to expect!
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