This section deals with all losses claimed for the 2009-10 income year. Do not show cents for any amount you write at this section on the fund tax return.
Complete a Losses schedule 2010 and attach it to the tax return if the fund has:
- total tax losses and net capital losses carried forward to the 2010-11 income year greater than $100,000
- convertible foreign losses
- an interest in a controlled foreign company (CFC) that has convertible CFC losses
- an interest in a CFC that has deducted or carried forward a loss to later income years greater than $100,000.