Look-through company (LTC) income/loss attribution
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Look-through company (LTC) income/loss attribution
Form Number: IR7L / Form Code: IR7L
About this Form
The Look-through company income/loss distribution (IR7L) form has space to record details for four partners only – you can use as many copies of this form as you need.
what you will need
- the owners’ names and IRD numbers
- details of any income/losses distributed to each owner and their proportion of profits/losses
- details of non-allowable deductions
- details of any deductions for extinguished losses
- details of the overseas tax paid, imputation credits and other tax credits allocated to each owner.
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