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JenelleWalton's avatar
JenelleWalton
Contributing Partner
8 months ago
Solved

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 occurre...
AU Tax
  • Amy_M1's avatar
    Amy_M1
    8 months 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

Amy_M1's avatar
Amy_M1
MYOB Staff
8 months 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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