Hi
This is the first year doing my Tax Return online myself.
I have a BMT Tax Depreciation Schedule for my Investment Property & i just need to know which figures from the tables in the Depreciation Schedule i am entering into ATO Fields named :
"Total Capital Works"
"Total Capital Allowances"
My Tax Depreciation Schedule has multiple tables with alot of figures as below:
Table 1.
"Total Deductions - 40 year forecast"
Jul-23 to Jun-24 = Total Deductions - DV $6638 || PC $7675
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Table 2.
Division 43 - capital works allowance
Calculation for write off provision:
Jul-23 to Jun-24 = $5889
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Table 3.
Diminishing value method summary:
Jul-23 to Jun-24 = Total $6638
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Table 4.
Prime cost method summary:
Jul-23 to Jun-24 = Total $7675
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I would just love to know which of these figures i am entering into my tax return ?
Thanks very much
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