Hi there,
I’ve a question on how to report this financial year tax for Australia.
"Losses can be carried forward indefinitely until capital gains arise to absorb them. "
My question is how to report this if multiple subsequent years are losses?
An example
Based on Koinly tax report - Last financial year was a loss of $1,000
This financial year in Koinly tax report is a loss of $2,000
how should I report this financial year - The $2,000 or the total that is $3,000?
Thankyou!