Use the ATO myTax report to review Navexa’s capital gains and taxable income figures in a format aligned to Australian Taxation Office myTax labels.
What The Report Does
The ATO myTax report brings together tax figures from your Navexa portfolio for a selected Australian financial year.
It can help you review:
realised capital gains and losses
net capital gain
taxable investment income
dividends and distributions
franking credits
foreign income
foreign income tax offsets
withholding amounts
relevant ATO myTax labels
The report is designed to help you review the investment-related figures you may need when completing your Australian tax return.
Navexa does not lodge your tax return or enter these figures into the ATO portal for
you.
Before You Use It
Before relying on the ATO myTax report, make sure your portfolio data is complete and up to date.
Check that:
you have selected the correct portfolio
your portfolio is set up in AUD
you have selected the correct financial year
buy and sell trades have been recorded correctly
dividends and distributions have been reviewed
ETF, managed fund or trust AMIT/AMMA statement data has been entered where required
foreign income and withholding amounts have been checked
your CGT settings and sale allocation method are correct
AMIT means Attribution Managed Investment Trust. AMMA means Attribution Managed Investment Trust Member Annual statement.
Open The Report
To open the ATO myTax report:
Select the portfolio you want to review.
Open Tax Reporting from the left-hand menu.
Select ATO MyTax.
Select the financial year from the drop-down menu at the top of the report.
Wait a moment while Navexa calculates the report.
The report is based on the selected financial year.
You can also open the ATO myTax report from the Tax Overview page.
Review Report Settings
At the top of the report, Navexa shows key report settings such as:
Portfolio
Sale Allocation
Tax Residency
Use these details to confirm you are reviewing the right portfolio, financial year and tax settings before using the report figures.
If you need to review or change settings, select Settings at the top right of the report.
Review Capital Gains
The Capital Gains section shows the capital gains figures Navexa has calculated for the selected financial year.
This section may include:
Total current year capital gains
Net capital gain
Net capital loss carried forward
Select Go to CGT report if you want to review the full Capital Gains Tax report behind these figures.
You can also expand Capital Gains Tax Breakdown to review more detail inside the ATO myTax report.
Review Taxable Income
The Taxable Income section shows income figures mapped to ATO myTax labels.
This section may include labels for:
gross interest
TFN amounts withheld
unfranked dividends
franked dividends
franking credits
dividend deductions
trust income
foreign income
foreign income tax offsets
Select Go to Taxable Income report if you want to review the full Taxable Income report behind these figures.
Understand ATO Labels
The ATO myTax report shows ATO label codes beside relevant income lines.
For example, you may see labels such as:
11S for unfranked amounts
11T for franked amounts
11U for franking credits
13U for share of net income from trusts
20E for assessable foreign source income
20O for foreign income tax offset
These labels help you compare Navexa’s figures against the relevant sections in myTax.
Always check the figures against your own records, statements and accountant guidance before lodging.
Export The Report
Use Export to download a copy of the ATO myTax report.
Exporting is useful when you want to:
keep a copy for your records
review the figures outside Navexa
share the report with your accountant
compare Navexa’s figures against broker, issuer or tax statements
To export the report:
Select Export at the top right of the report.
Choose the available export format.
Save the file to your device.
Common Issues
Why Are Figures Missing?
Figures may be missing if the underlying portfolio data is incomplete.
Check whether:
trades are missing
dividends have not been confirmed
ETF, managed fund or trust AMIT/AMMA data has not been entered
foreign income or withholding amounts are missing
the wrong financial year is selected
the portfolio is not set up in AUD
Start from the Tax Overview page if you want to check tax readiness and fix missing data.
Why Are Figures Different?
Figures in the ATO myTax report may differ from broker reports, issuer statements or accountant records if the data in Navexa is incomplete or recorded differently.
Differences can happen when:
income has been updated after the original payment date
annual tax statement components differ from cash distributions
DRP entries have not been reviewed
AMIT/AMMA data has not been entered
foreign income or withholding amounts differ
CGT sale allocation settings are different
Review the linked Capital Gains Tax and Taxable Income reports to see the detail behind the ATO myTax totals.
Remember, this is general information, not personal financial advice.