Use the Reconciliation Statement to enter your Income and Expenses reconciliation adjustments for the year.
There are 3 sections in this workpaper:
Reconciliation Items
Income Reconciliation Adjustments
Expense Reconciliation Adjustments.
To add this workpaper, from the Tax workpapers & schedules drop-down, select Business – Reconciliation.
Integration
Individual
Workpaper label | Main return (Item) |
---|---|
PP income/NPP income | |
Section 40-880 deduction | Section 40-880 deduction |
Business deduction for project pool | Business deduction for project pool |
Landcare operations
| Landcare operation |
Income reconciliation adjustments | Income reconciliation adjustments |
Expense reconciliation adjustments | Expense reconciliation adjustments |
Partnership
Workpaper label | Main return (Item) |
---|---|
PP income/NPP income | |
Income reconciliation adjustments PP Income reconciliation adjustments NPP | 5A Reconciliation Items |
Expense reconciliation adjustments PP Expense reconciliation adjustments NPP | 5B Reconciliation Items |
Section 40-880 deduction PP Section 40-880 deduction NPP | 5B Reconciliation Items 49K Capital Allowances |
Business deduction for project pool PP Business deduction for project pool NPP | 5B Reconciliation Items 49J Capital Allowances |
Landcare operations PP Landcare operations NPP | 5B Reconciliation Items |
Trust
Workpaper label | Main return (Item) |
---|---|
PP income/NPP income | |
Income reconciliation adjustments PP Income reconciliation adjustments NPP | 5A Reconciliation Items |
Expense reconciliation adjustments PP Expense reconciliation adjustments NPP | 5B Reconciliation Items |
Section 40-880 deduction PP Section 40-880 deduction NPP | 5B Reconciliation Items 50K Capital Allowances |
Business deduction for project pool PP Business deduction for project pool NPP | 5B Reconciliation Items 50J Capital Allowances |
Landcare operations PP Landcare operations NPP | 5B Reconciliation Items |