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An issue has been reported in Reckon APS Tax 2018.5.0 where the following error message is triggered in some 2018 trust tax returns:

VR.ATO.TRT.432213 - Net capital losses carried forward to later income years

This issue is logged to be fixed in a future release.

In the interim, the following workaround is available:

  • Enter a large gain (approximately $300,000) on the capital gains worksheet.

  • Remove the dummy capital gain and the losses will automatically flow through to Item 27.

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