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JenelleWalton's avatar
JenelleWalton
Contributing Partner
14 days ago

Prior Year Losses Carried Forward on Individual ITR

Hi,

 

Has anyone had a problem where a figure is showing up in prior year losses carried forward on an individual ITR (item L1), that wasn't in the prior year?

We have had a few similar occurrences of this in the last few weeks and are trying to work out if it is a software issue or human error.

2022 there were losses, these losses were used in 2023 and now in 2024 losses are appearing, but it isn't the figure that was in the 2022 ITR?

Any suggestions would be appreciated.

 

AU Tax

1 Reply

  • Amy_M1's avatar
    Amy_M1
    MYOB Staff
    14 days ago

    Hi JenelleWalton,

    Do you have a Prior Year Losses (PYL) or Losses Schedule (BP) present in this return? If so, is the value that is integrating to L1 present in either of these schedules? 
    And should these schedules be present within this return?

    It is hard to say what is causing the issue without having a look at the form, so if you could check the schedules and create a support case via your practice dashboard we can definitely investigate further with you!

    Thanks,

    Amy

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