In IT5 label X, the loss you show is the amount by which the deductions relating to the taxpayer's financial investments exceed the income from those investments.
Labels integrating into IT5
The amount calculated integrates to label X only if it is a loss. If there is no amount integrating, enter zero at the label X.
Label S: Unfranked dividends.
Label T: Franked dividends.
Label U: Franking credit.
Label O: Distribution from partnerships (Share of Label O relating to net financial income/loss).
Label U: Managed investment scheme income from trusts.
Label C: Franked distributions from trusts.
Label C: Non-PP financial investement income/loss.
Label G: Share of deferred losses from partnership business of investing.
Label F: Deferred losses from sole trader business of investing.
Label M: Foreign company dividends including managed investments.
Label F: Australian franking credits from an NZ franking company.
label A: Forestry managed investment schedule.
Label Y: Category 1 balancing adjustment related to financial investment.
Label V: Category 2 Other income related to financial investment.
Label K: The low-value pool deduction relating to financial investments.
Label H: Dividends deductions.
Label Y: Partnership deductions relating to financial investments/Managed investment deductions from trust distributions.
Label F: Forestry managed investment scheme deduction.
Label M: Dividends deductions from foreign shares.
label J: Any other deductions attributable to financial investment including debt deductions.