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Deferred Non commercial business loss

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Newbie

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I've seen a few posts concerning the attempted use of  "Deferred Non-Commercial Business Loss" but yet to find out Why it adds to assesable income when it is a loss?  Don't send me this link again https://www.ato.gov.au/Business/Non-commercial-losses/ because it does not answer my question

 

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Best answer

Taxicorn

Replies 1

A deferred loss is rolled over each year until you can either use it to reduce your taxable income via reducing profit or it meats one of the 4 tests and can be used to offset normal income.

 

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Best answer

Taxicorn

Replies 1

A deferred loss is rolled over each year until you can either use it to reduce your taxable income via reducing profit or it meats one of the 4 tests and can be used to offset normal income.

 

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Newbie

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yes, I know that but wondered why it adds to assessable income in MyTax.  Until I found out needs to be added elsewhere as negative number 

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Community Manager

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Hi @Konj,

 

We have answered you query on your other post.

 

Thanks

 

KylieS