Validation Error
Net capital gain must equal the sum of total current year capital gains less total capital losses applied less total capital gains discount applied less total small business concessions applied.
This error occurs when Item 6 Label A Net capital gain in the CGT Schedule does not equal the total of 1J Total current year capital gains less 2E total capital losses applied less 4A Total CGT discount applied less 5D Total small business concessions applied. This can be due to a rounding error.
How to resolve this Validation Error
To resolve this error, using the Capital Gains Reconciliation report, review the amounts entered Labels 1J, 2E, 4A, 5D and 6A. Adjust the amounts in Labels 1J, 2E, 4A, 5D and 6A to resolve the rounding error.