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Tax: The taxpayer must advise what amount of the Net NPP income/loss from carrying on a business is related to financial investments

he taxpayer must advise what amount of the Net NPP income/loss from carrying on a business is related to financial investments (ITS) rental properties (T6) or all other amounts.

As per the ATO requirements, You’ll need to allocate the total Net NPP income/loss from carrying on a business across all three fields: IT5, IT6, and 'All other income or loss relating to Item 15 Net NPP income/loss'.

For example, if the Net NPP income/loss from carrying on a business is 14,230, you may enter 14,230 under 'All other income or loss relating to Item 15', while IT5 and IT6 can be set to '0'.
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Please ensure that the combined total across these fields matches the Net NPP income/loss from carrying on a business.

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