Which of the following describes capital losses? Select one: O Capital losses must be used within 5 years Capital losses can reduce ordinary income You can only apply capital losses to exempt assets O Capital losses can be carried forward indefinitely Not yet answered Marked out of 0.75 P Flag question 5 The deadline to lodge your individual tax return if you do not have a tax agent is 11 Select one: st O January 1 17 O As directed by the ATO in a letter you receive each year 22 st 0 October 31 O on your birthday From a tax payable (liability) perspective, a tax offset is better than a tax deduction. Select one: O True O False