I work for an organisation and earn income from that company. To complete my tax return, I was filling in item depreciation using the tool and a banner popped up telling me to move them to the Low Value Pool.
I did that, and now My Tax has a pre-filled field saying, "You were a sole trader or had business income or losses, partnership or trust distributions (not from a managed fund)" with "Business Income or loss" having a tick next to it and it has transferred my personal item depreciation to be under this section in Net non-primary production.
I do not have a business or have every registered to open any sort of business so I don't have any information to add into the required fields.
When I click on edit to get rid of it because I have no idea about that is, and it asks if I have a PSI, and when I click on "No" it proceeds to display more fields asking about a business?? I can't complete this step because I don't have business or sole trader information, but I also can't remove it at all. I even tried deleting my entire tax return and starting again, however as my depreciated assets are already in the Low Value Pool that information remains under the business and sole trader field. Have I made a mistake adding items to the Low Value Pool (personal work related expenses like a desk and computer monitor) and is there a way to undo what I've done?
Please let me know if you can help or guide me - thanks in advance!
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