Support Query
How do I categorise deductions relating to Australian Investment Income?
Solution
Transactions to the below expense accounts where the Tax Label is set as Deductions relating to Australian Investment Income can be categorised:
- 37500 - Investment Expenses
- 37900 - Interest Paid
Note: Tax Labels only apply to Trusts and Companies. For more information, see:
Currently, Simple Invest 360 supports the following classes:
- Deductions relating to Franked Dividends
- Deductions relating to Partnership and Trust
- Deductions relating to Foreign Income
Select any of the above as the secondary tax label. 