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Rolling over assets from a tax return (individual tax returns only)

Asset register in the browser only.

When moving a tax return from AE/AO to Practice, you can import the depreciation assets into the assets register in MYOB Practice.

Asset class is nothing but Group in AE/AO.

Key points

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    This feature is available from 2021 Individual tax returns.

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    You can only do Taxation depreciation and not Accounting depreciation.

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    You'll need to manually enter the depreciation values from assets into the tax return. Automatic integration of values into the tax return is coming soon!

If you have any assets that don't have a Group in AE/AO, we'll allocate them to a Default asset class.
Later, you can change the name of the Default Asset class or allocate the asset to another asset class.