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Offsetting Capital Loss, page-37

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Mundo122

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26/07/18

10:46

Post #: 34570900
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Originally posted by bellenuit ↑

Mundo. I used My Tax to submit my spouse's tax return. It included a lump sum payment in arrears under E on the payment summary. Unfortunately when it asked which tax year this related to, I incorrectly put 2017/2018 (when the payment was received) rather than 2016/2017 which was the tax year the payment related to.

Is there a need to amend the tax return to correct this, or is it inconsequential to the net tax payable/refundable.

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Yes, because it will automatically be a flag to the ATO as it wont match to what was lodged by the employer for the year.
I would amend
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