221D Report

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From: Glenn Shaw


After entering relevant in PIA for my properties and then creating a portfolio, I then went to the tax variation calculator and created a report, were my income from wages was shown incorrectly. I have checked all of my entries but still have this incorrect value. Can any one help ?

 

[WebBoard]

Reply: 1
From: Webmaster (Somersoft)


The figures in the Tax Variation report (formerly called 221D) will be derived from those shown in the Current Income dialog (Investor menu). Note that creating a portfolio will automatically update the current income figures, and will include the income and expenses from each of you existing investment properties.

If the figures in the Tax Variation dialog are not correct,
(1) go back to Current Income dialog and reset the income to wages only,
(2) Recreate the portfolio and check that the portfolio income and expenses have been added correctly to the Current Income dialog, and
(3) Check that the figures in the Tax Variation dialog agree with the latter.