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How to change loss carry back choice

The ATO has outlined the process required to change loss carry back choices from particular income years. 

How to change loss carry back choice
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When the original loss carry back choice was made, individuals specified the tax loss from a particular income year that was to be carried back to an earlier income year. 

The ATO has said that if the loss carry back choice needed to be changed it had to be done with the approved form and within the time limit for amending the tax assessment. The change would also take effect from the day the original loss carry back choice was made.

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