Schedule A Reconciliation
This Tax worksheet provides assistance in the calculation of reconciliation of accounting to taxable income. It is provided at the Business item for Individuals, Trusts and Partnerships.
Integration of depreciation expenses is provided in the Depreciation worksheet (d).
Integration of Capital Works Deductions is not available.
Small Business Entities: Access to the Depreciation Worksheet is available for taxpayers not using the simplified depreciation rules from the following fields:
Accrual amount deduction for lessee of luxury cars, and
Deduction for decline in value of depreciating assets for Low value pool deductions related to Primary Production and Non-Primary Production income.
Integration of amounts to the main returns are: | Individual return | Partnership and Trust return |
|---|---|---|
Income reconciliation adjustments | Label X | Label A |
Expense reconciliation adjustments | Label H | Label B |
Environmental protection expenditure | Label V | n/a |
Section 40-880 deduction | Label A | n/a |
Business deductions for project pools | Label L | n/a |
Deductions for landcare operations and water facilities, fencing assets and fodder storage | Label W | n/a |