Where to enter Capital losses?

Article ID

ias-3025

Article Name

Where to enter Capital losses?

Created Date

2nd November 2006

Product

IRIS Personal Tax

Problem

Where are capital losses brought forward entered in the Capital Assets module in IRIS Business Tax, IRIS Personal Tax and IRIS Trust Tax?

Resolution

Users are required to: 1. Log on to IRIS and select the client. 2. From the Edit menu, select Capital Assets. 3. From the Capital Assets menu on the Left select the Edit(next to file) menu and then select Losses and Other Information. 4. Enter the brought forward loss into the losses section.