How to Add Other Income
-
Open the Other Income section.
-
Select the category that the incomes falls in from the Type of other income pull-down. The choices are Category A or Category B.
-
Describe where the income comes from in the Description column.
-
Enter the totals for the following:
- Amount Received
- Tax Paid
- Expenses
Note: Your expenses cannot exceed your income when you select Category B income.
-
(Optional) Click the Green allowance check box if the income qualifies.
-
(Optional) Complete the following foreign income related fields:
- Country
- Amount on which foreign tax paid
- Foreign tax deducted
- Foreign tax treatment is by deduction?
Note: You can claim loss relief for income grouped under Category A, but not Category B.