Ownership share: Depreciation schedule & capital works deductions worksheet

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accountant101
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accountant101

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Ownership share: Depreciation schedule & capital works deductions worksheet

Hi

 

In the schedules mentioned above the software only gives the option to input private use percentage but not ownership share. How can we input ownership share separately if an asset is co-owned by two taxpayers? Is there a feature to do this?

 

Thanks

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MYOB Moderator Linda_K
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MYOB Moderator
Australia
Linda_K
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Re: Ownership share: Depreciation schedule & capital works deductions worksheet

Hi @accountant101,

 

Thank you for your post.

 

MYOB AE Tax only allows you to enter the private use percentage. 

 

In the situation where an asset is co-owned, you will need to enter the individual ownership share proportion of the asset against each of the owners return.

Cheers,

Linda
Practice Solutions Support
MYOB Australia Pty Ltd
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