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Total supplement income or loss 2013

Complete the total supplement income or loss section in your supplementary tax return.

Last updated 27 May 2013

Step 1

Add up all the income amounts in the right-hand column of items 13, 17, 18, 19, 20, 21, 22, 23 and 24 on your tax return (supplementary section).

Step 2

Add up all the loss amounts, if any, in the right-hand column of items 13, 17, 20 and 21.

Step 3

Take away the amount you worked out at step 2 from the total income amount you worked out at step 1. Your answer is your total supplement income or loss.

Step 4

Write your answer from step 3 at TOTAL SUPPLEMENT INCOME OR LOSS on page 15 of your tax return (supplementary section). Do not show cents. If you made an overall loss, print L in the LOSS box at the right of TOTAL SUPPLEMENT INCOME OR LOSS.

Step 5

Transfer the amount you wrote at TOTAL SUPPLEMENT INCOME OR LOSS to I on page 3 of your tax return. If the amount was a loss, print L in the LOSS box at the right of the amount.

Step 6

Go to page Total income or loss then work through the Deductions section, starting at Claiming deductions.

Danger

If you were an Australian resident born before 1 July 1957, you may be entitled to the mature age worker tax offset. Certain income from items 13, 14, 15, 16, 17, 20 and 24 will be needed to calculate your net income from working. You will need to complete item T9 Net income from working - supplementary section. We will then calculate your mature age worker tax offset entitlement.

End of danger

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