Issue
Tax return validation error message states: total current year capital losses amount is incorrect. How do I resolve this issue?
Cause
There is a negative Capital Loss.
Resolution
Navigate to Fund Level > Transactions > Browse Events
- Group all business events by Type
- Click on Realised Accounting Gain/Loss
- From the pop-up screen, review the Capital loss Field
- If the Capital Loss Field is with a negative amount, e.g. $5,084.35, update the figure to be positive, i.e. $5,084.35.