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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. 

Thank you for your feedback.

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