Income and expenses

See item 5: income and expenses on the ATO website.

The business income and expenses items in the Income tab are:

• Item 5 Business expenses
• Item 5 - Reconciliation Items
• Small business entity eligibility tests worksheet (sbe)
• Item 5 - Label V - Net small business income
• Item 6 Tax withheld
• Item 8 - Partnerships and trusts
• Item 9 - Rent
• Item 10 - Forestry managed investment scheme income (partnership)
• Item 11 - Gross interest
• Item 12 - Dividends
• Item 14 - Label O - Other Australian income

The foreign income items are:

• Item 22 - Attributed foreign income
• Item 23 - Other assessable foreign source income