(Tax losses, partner in partnership)

The following data relates to Stephanie Garner, a resident taxpayer. Stephanie derives income from a public relations business and is also a partner in a marketing business.

2015/16 2016/17 2017/18 Assessable business income $ 93,400 $ 126,000 $ 133,400 General business deductions 80,000 129,000 119,200 Share of Partnership Net Income (Loss) (21,800) 14,900 (5,600) Superannuateon and Gifts 4,000 11,000 8,000 Net exempt income 1,500 3,000 2,0002015/2016 ASSESSABLE INCOME 93,400.00 TAX LOSS 21,800.00 LESS DEDUCTION 80,000.00 LESS EXEMPT INCOME 1,500.00 20,300.00 LESS ASSESSABLE INC 93,400.00 ADD DEDUCTIONS 80,000.00 TAX LOSSES C/F 6,900.002016/2017 ASSESSABLE INCOME 140,900.00 TAX LOSS BF 6,900.00 LESS DEDUCTION 129,000.00 LESS EXEMPT INCOME 3,000.00 11,900.00 3,900.00 LESS SUPER CONTRI 11,000.00 ASSESSABLE INC 14,900.00 LESS LOSSES RECOUP 900.00 LESS SUPER CONTRI 11,000.00 Inc left 3,900.00 Less recoup loss 900.00 TAX LOSSES C/F 3,000.002017/2018 ASSESSABLE INCOME 133,400.00 TAX LOSS c/f 3,000.00 Partnership loss 3,600.00 Partnership loss 5,600.00 LESS DEDUCTION 119,200.00 LESS EXEMPT INCOME 2,000.00 10,600.00 Current loss 3,600.00 LESS SUPER CONTRI 8,000.00 TAXABLE INCOME 2,600.00 Loss c/f 400.00