How does the health insurance rebate calculation work if someone has negative taxable income. Its doesn't allow a negative number to be inputted.
For example if I had taxable income of $100k (including a rental loss of $20k) and net rental loss of 20k and my spouse has a taxable loss of -$20k (due to rental loss) and a net rental loss of $20k, the calculator shows income as $140k even though income for the family group is never asw high as $140k.
@macfanboy is correct, but I'd like to clarify a little more. Your income for Medicare levy surcharge purposes includes total net investment losses, as well as a number of other types of income, benefits and losses. This is what is used when calculating your entitlement to any Private Health Insurance rebate.