EC: Prefilling the BP schedule when there is Net Taxable Loss
This support note applies to:
- AO Tax (AU)
- AE Tax (AU)
In a Company tax return with a Net Taxable loss, you may notice the BP (Losses schedule) and Item 13 aren't automatically prefilled when the pyl (Prior Year Losses) schedule is completed.
To fix this
Enter a zero in the Prior year losses to be applied to current year income(Losses applied cannot exceed Net Income) in the pyl schedule.
We are changing this in a future release. You will see a zero value appear in that field in the pyl schedule where the return is in a Taxable loss.
MYOB INTERNAL STAFF ONLY
PR#151836900175
SR # 151824042829