Personal Tax- Loss is being carried back but also been shown as carried forward
Article ID
personal-tax-2024-loss-is-being-carried-back-but-also-been-shown-as-carried-forward
Article Name
Personal Tax- Loss is being carried back but also been shown as carried forward
Created Date
3rd July 2024
Product
Problem
IRIS Personal Tax- 2024 Loss is being carried back but also been shown as carried forward
Resolution
In Personal Tax: If you have selected to carry back a loss for a sole trade or partnership, the loss is showing to be carried back but also being carried forward (Such as on Partnership Page FP2 box 24) which is not correct.
This has been confirmed as a DEFECT within the software IRIS Version 24.1.9.2, and will be fixed in a 24.2. Which is due to be released week commencing 29th July 2024 (subject to change).
Unfortunately, there is no work around available, we do apologise for the inconvenience.
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