Click this link to Item 16 Deferred non-commercial business losses on the ATO website. Claiming a business lossFor information on claiming a business loss, refer to Guide to non-commercial losses on the ATO website. Deferred Non-commercial losses need to be dissected into Primary Production and Non-Primary Production income types. If you are engaged in a hobby, you are not carrying on a business activity. Income you receive from a hobby is not assessable for income tax purposes and you can't claim expenses as tax deductions. | UI Text Box |
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| | If you complete Item 16, you must complete Item P9. |
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| title | Label F - Your share of deferred losses from partnership activities |
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| Press [Enter] at label F to enter the amounts that will be integrated to this label (F) and to either or both label I (Primary Production deferred losses) and J (Non-Primary production losses). Refer to Deferred Non-commercial Business Losses worksheet. Whether losses have to be deferred depends on an Income test which is applied before the 4 tests. If Income Test income exceeds $250,000 the losses must be deferred. |
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| title | Label G - Deferred Non-commercial business losses for sole traders |
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| Press [Enter] at label G to key amounts into the dissection box at this label. Primary Production losses integrate to label I and Non-Primary Production losses to label J. The sum of the PP and Non-PP losses integrates to label G. Press [Enter] at label G to enter the amounts that will be integrated to this label and to either or both labels I (Primary Production deferred losses) and label J (Non-Primary production losses). Refer to Deferred losses from Sole Trader Activities Label GNon-commercial Business Losses worksheet. |
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| title | Label I - Primary Production Deferred Losses |
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| This is a non-editable field and is the total of the PP deferred losses entered in the worksheets behind either or both 16F and 16G. |
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| title | Label J - Non-Primary Production Deferred Losses |
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| This is a non-editable field and is the total of the PP deferred losses entered in the worksheets behind either or both 16F and 16G. |
CCH References 16-020 Limit on losses from non-commercial business activities | 
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