Click this link for information on Deductions on the ATO website.
On the Deductions tab the items are:
- Item 16 - Deductions relating to Australian investment income, franked distributions
- Item 17 - Forestry managed investment scheme deductions (Trust Returns)
- Item 18 - Other Deductions not claimable at any other item (Trust Returns)
- Item 25 - Tax losses deducted
- Item 26 - Total Net Income or Loss
- Item 27 - Losses information