https://www.ato.gov.au/business/non-commercial-losses/eligibility/
Hi IW
I suspect this is the publication you may be talking about? It relates to non-commercial losses.
The income (as defined) ought to be less than $250,00o.
If this is the case then you need to pass at least one of the four tests and one of these is assessable income of $20000. I suspect anyone involved in sharetrading will not have much of a problem with this.
If you fail the income test you can apply for the CoT to exercise his discretion.
Anyway it is all in the publication - well set out.
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