Forms C, F and MS RSD Options

Retain alpha details

Selecting this option rolls over all text entered in returns or schedules and worksheets, for example: Payment summary details. Financial institution details entered for Interest and Dividends, all Rental property details any other text entered.

Retain numeric values

This would not be a recommended option to select as it will roll the same amounts that were entered in the 2016 return into the newly rolled over 2017 return. This could lead to errors if an amount from the previous year that was not applicable in the current year was overlooked when reviewing the return.

Update Depreciation and Capital Works deductions

Unless you want to enter all your depreciating asset details each year, leave this option ticked. During the Year End and RSD routines, Tax moves Closing adjustable values to Opening adjustable values and automatically calculates depreciation for the current year.

Carry forward capital and foreign losses

This option should be left ticked so that Capital Losses, Foreign Losses and Excess foreign tax credits are carried forward to the new tax year in their respective categories and classes.