AO TAX- the consolidated losses schedule is only required by the ATO for a head company return.

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yolanda1
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AO TAX- the consolidated losses schedule is only required by the ATO for a head company return.

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when i did tax return with oversea interest expense the system shows an error "the consolidated losses schedule is only required by the ATO for a head company return."

 

Does anyone know how to correct it?

 

 

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Syed1
MYOB Staff
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MYOB Staff
MYOB Staff

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Re: AO TAX- the consolidated losses schedule is only required by the ATO for a head company return.

Hi @yolanda1

 

It looks like a Company Return validation error.

 

Can you please check if there are any blank schedules attached such as Consolidation Eligibility (Head) Schedule or Consolidation Losses Worksheet attached to this return?

 

If there are blank schedules attached, then delete them from Preparation> Delete Schedules...

 

Regards,

Syed

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