Before you start
You must complete worksheet 4 if in your individual tax return 2024, you show either:
- a partnership loss, where the partnership is carrying on a business, at questions 13, 19 or 20
- business deductions from partnership income.
Otherwise, don't complete worksheet 4 – go to Worksheet 5.
Worksheet 4 helps you to complete question A3 – label H by identifying business deductions related to partnerships.
Include expenses in this worksheet only to the extent that they are related to a partnership that is carrying on business. Don't include expenses already shown as business deductions in worksheet 2.
Step 1: Amounts from your individual tax return
Complete column (b) in worksheet 4 by transferring the amount from your tax return 2024 for the questions listed in column (a).
Step 2: Amounts for each partnership
- For each amount in column (b) write the amounts in columns (c), (d) or (e) for each partnership.
- The sum of (c), (d) and (e) must equal (b).
- Exclude any deductions that relate to trust distributions.
Step 3: Total business expenses
- Add up the amounts for each column (c), (d) and (e) – enter the total at cell (j)
- Transfer the total amounts at cell (j) to cell (j) in Worksheet 6, next to the correct partnership.
(a) | (b) | (c) | (d) | (e) |
|---|---|---|---|---|
1. Partnership loss (transferred from Table 3 and Table 5) | Does not apply | (f) $ | (f) $ | (f) $ |
2. Partnership and trusts: landcare and water facilities (question 13 – labels I and J) | $ | $ | $ | $ |
3. Partnership and trusts: other deductions relating to distributions (question 13 – labels X and Y relating to partnership distribution only) | $ | $ | $ | $ |
4. Other deductions relating to partnership distributions (that you have not shown as business deductions on Worksheet 2) | $ | $ | $ | $ |
Total business expenses (Add up each column.) | $ | (j) $ | (j) $ | (j) $ |
Continue to: Worksheet 5: Working out your adjustments
Return to: Instructions to complete the government super contributions worksheets