Navexa may flag a holding before tax reporting when the holding’s transaction history may be incomplete or unreliable for tax calculations.
Why Holdings Need Attention
A holding needs attention when Navexa detects data that may affect the selected financial year’s tax reports.
This usually means Navexa cannot fully trust the holding’s cost base, quantity history, or realised Capital Gains Tax (CGT) result.
CGT means Capital Gains Tax. It is the tax treatment applied to gains or losses from selling investments.
For example, Navexa may flag a holding if:
a sell trade exists but there are not enough earlier buy trades
the holding quantity becomes negative
an opening balance is missing
a trade was imported with the wrong date, quantity, symbol, or exchange
a merger, transfer, split, or other adjustment has not been recorded correctly
If this issue is not fixed, Navexa may not be able to calculate the correct cost base, capital gain, capital loss, or closing position.
Where The Warning Appears
Holdings that need attention can appear in the Finalise FY checklist on the Tax Overview page.
To check this:
Select the portfolio you want to review.
Open Tax Reporting from the left-hand menu.
Select Overview.
Choose the financial year you want to review.
Look for Holdings need attention in the Finalise FY checklist.
Select Fix beside the holding to open the relevant holding or issue area.
What To Check First
Start by checking whether the holding has enough earlier buy history to support any sell trades.
Open the holding and review the Trades tab. Check that:
every sell trade has enough earlier buy quantity
the opening buy or transfer-in trade exists
trade dates are correct
trade quantities are correct
prices and brokerage are correct
the symbol and exchange are correct
any corporate actions have been entered where relevant
A common example is a holding with a sell trade but no earlier buy trade. In that case, Navexa can see that units were sold, but it cannot calculate the cost base unless the acquisition history is added.
How To Fix Missing History
How you fix the holding depends on what is missing.
Add A Missing Buy Trade
If the holding is missing an earlier buy, add the buy trade from the holding’s Trades tab.
Use your broker statement, trade confirmation, or previous portfolio records to enter:
trade date
quantity
price
brokerage
currency, if relevant
Add An Opening Position
If you joined Navexa after you already owned the holding, you may need to add the opening position or historical acquisition details.
Use the original purchase records where possible. This helps Navexa calculate the correct cost base when the holding is later sold.
Correct An Incorrect Trade
If a trade exists but the details are wrong, edit the trade from the holding’s Trades tab.
Check the date, quantity, price, brokerage, symbol, exchange, and currency before saving.
Review Transfers Or Corporate Actions
If the holding came from a transfer, merger, split, consolidation, or other corporate action, make sure that event is recorded correctly.
These events can affect quantity history and cost base. If they are missing, Navexa may flag the holding during tax reporting.
Why This Affects Tax Reports
Holding issues can affect tax reports because Navexa calculates tax figures from the portfolio data recorded in your account.
A holding issue may affect:
Capital Gains Tax reports
Taxable Income reports
ATO myTax figures
unrealised gains
historical cost reports
carry-forward capital loss calculations
portfolio balances and cost bases
Even if the issue is not created inside the tax reporting area, it can still appear in the Finalise FY checklist because it affects tax reporting accuracy.
After Fixing The Holding
After you update the holding:
Return to Tax Reporting > Overview.
Select the same financial year.
Check the Finalise FY checklist again.
Confirm the warning has cleared or changed.
Review the relevant tax report again.
If the holding still appears in the checklist, review the trade history again and check whether another missing or incorrect record remains.
If The Year Is Locked
If the financial year is locked, changes to trades or holding history may require the year to be reviewed, unlocked, or re-locked.
A locked year is a saved tax position in Navexa. If you change data that affects a locked year, later reports may need to be refreshed from the updated information.
Review the warning shown in Navexa before changing locked-year data.
Remember, this is general information, not personal financial advice.