Before you start
If you show partnership income at questions 13, 19 or 20 in your individual tax return, then you must complete worksheet 3. You may also have to complete Worksheet 4.
Otherwise, don't complete worksheets 3 and 4 – go to Worksheet 5: Working out your adjustments.
Worksheet 3 helps you to complete question A3 – labels G and H by splitting your partnership income into business income and investment income.
Step 1: Amounts from your individual tax return
Complete column (b) in worksheet 3 by transferring the amounts that you have shown at questions 13, 19 and 20 in your tax return 2024 for the questions listed in column (a).
Step 2: Amounts derived from a partnership
- Write in columns (c), (d) and (e) the amounts derived from each partnership that you have shown at questions 13, 19 and 20 in column (b).
- The sum of (c), (d) and (e) must equal (b).
Step 3: Total partnership distribution
- Add up the amounts at rows 1, 2 and 3 for each column – enter the total at cell (f)
- Work out for each partnership (including distributions your partnership received from another partnership) whether the income earned by the partnership was:
|
(a) |
(b) |
(c) |
(d) |
(e) |
|---|---|---|---|---|
|
1. Primary production amount (question 13 – label N) |
$ |
$ |
$ |
$ |
|
2. Non-primary production amount (question 13 – label O) |
$ |
$ |
$ |
$ |
|
3. Partnership related foreign income (questions 19 and 20) |
$ |
$ |
$ |
$ |
|
Total partnership distribution (Add up each column.) |
n/s |
(f) $ |
(f) $ |
(f) $ |
|
Result |
Action |
|---|---|
|
Amount at cell (f) for the partnership is positive. |
Transfer amount at cell (f) to cells (h) and (i) on Worksheet 6, next to the correct partnership. |
|
Amount at cell (f) for the partnership is negative. |
Write 0 (zero) at cells (h) and (i) on Worksheet 6 for that partnership. Write as a positive figure the amount at cell (f) in Worksheet 4, next to the correct partnership. |
|
Result |
Action |
|---|---|
|
Amount at cell (f) for the partnership is positive. |
Transfer amount at cells (f) to (h) on Worksheet 6 for that partnership. Write 0 (zero) at cells (i) and (j) on Worksheet 6, next to the correct partnership. |
|
Amount at cell (f) for the partnership is negative. |
Write 0 (zero) at cells (h), (i) and (j) on Worksheet 6, next to the correct partnership. |
|
Result |
Action |
|---|---|
|
Amount at cell (f) for the partnership is positive. |
Transfer amount at cells (f) to (h) in Worksheet 6. Transfer that part of the positive amount that is attributable to the partnership carrying on a business to cell (i) on Worksheet 6. The amount transferred to cell (i) should not exceed the amount at cell (f). Write it next to the correct partnership. |
|
Amount at cell (f) for the partnership is negative. |
Write 0 (zero) at cells (h) and (i) in Worksheet 6 for that partnership. Write as a positive figure that part of the partnership loss that is attributable to carrying on a business at cell (f) on Worksheet 4. The amount transferred to cell (f) should not exceed the amount at cell (f) on Worksheet 3. Write it next to the correct partnership. |
Continue to: Worksheet 4: Working out your partnership business deductions
Return to: Instructions to complete the government super contributions worksheets