For Other deductions worksheet for the Fund and SMSF returns, refer to SMSF return other deductions below.

Company returns

In a Company return the otd worksheet may be is opened at Item 6 - Expense, Label S - All other expenses

To add extra description and amount fields to the worksheet click [Ctrl+Insert]. Enter the description and amount for the dissection of expenses not already disclosed at any of the expense labels B to G at item 6.

The total will integrate to Item 6, label S – All other expenses of amounts entered directly into the worksheet, together with those integrated from the:

• Distributions from Partnerships worksheet (dip),

• Distributions from Trusts worksheet (dit),

• the Dividends worksheet (div)

• Foreign income worksheet (for).

Funds return other deductions

Code: For Fund returns, the ATO requires a code at Item 11  (see Label L - Other deductions in Section C: Deductions) to identify the type of Other deduction being claimed. Press [Enter] at label L to open the Other deductions worksheet (otd) that provides a list of valid codes. If you have other deductions not claimed at income labels K to U, then a code is mandatory at label L.

SMSF return other deductions

Code: For SMSF returns, the ATO requires a code at Item 12 (see Label L1 and L2 - Other amounts in Section C Deductions and non-deductible expenses) to identify the type of Other deduction being claimed. Press [Enter] at labels L1 and L2 to open the Other deductions worksheet (otd) that provides a list of valid codes. If you have other deductions not claimed at Income labels K to U, then a code is mandatory at label L1 or L2.

When you use the Other deductions worksheet (otd), Tax identifies the Codes to be integrated to Labels L1 or L2 as that which represents the largest deduction amount.

For those worksheets that integrate to the otd, the Code is already assigned and when all the relevant deductions have been claimed, the Code will be recalculated.

For Fund and SMSF returns, other worksheets that integrate to the otd are the:

• Distributions from partnerships worksheet (dfp)

• Distributions from Trusts worksheet (dft)

• Amounts from Dividends worksheet, refer to Gross dividends worksheet (div)

• Deductible balance adjustments, refer to Depreciation worksheet (d)