Hi Folks,
Appreciate any advise on the below.
This is my first tax return with shares to declare.
FY18 I made total gains of around $13k, however had a total loss of around $15k. Which leaves me with $2k loss to carry forward.
I am bashing my head against a wall to figure out how to enter this into MyTax. Rather than handing it to an accountant I very much value trying to be self sufficient with my finances.
I have used the CGT Record Keeping tool and entered in all my gains and losses, but I keep getting a message indicating: "The net capital gain on the capital gains tax schedule must equal the net capital gain amount above the schedule."
I don't understand this because my 'net gain' is 0. But the tax schedule does not allow me to enter 0 either..
It's like I am in loop?? Sincerely appreciate any advise.