Hey, I day trade on the side of earning income and took a loss this year. I was wondering how I would go about deducting these losses on my income?
Do I just add them as a deduction or do I add them under as a business loss? I do not have a abn
Cheers
You need to prepare financial statements, including value of trading stock at 30 June.
Then transfer details to business section of tax return.
You need to prepare financial statements, including value of trading stock at 30 June.
Then transfer details to business section of tax return.
22 Apr 2024 · 6 min read time
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