I trying to complete a company tax return that has psi income included, but I cannot find a suitable label to deduct the psi related income and expenses, so that the taxable is reduced to the correct amount. I have populated label 14 in Other Information tab, but this has not reduced the taxable income. Please assist.
Thanks for your question, and welcome to the Community Forum!
Also, my apologies for the delay in response. I can see that you gave our Support Team a call and they referred you to the ATO. Hopefully that has resolved your question regarding where to enter the figure.
Helen Tax Support Specialist MYOB Australia Pty Ltd