Toni has a number of income producing activities of which some general net incom

Question

Toni has a number of income producing activities of which some general net income and some produce losses. The results of the income earning activities for the year ended 30 June 2015 are as follows: Toni owns a residential rental property where the deductible expenses associated with the property exceed the income from the property by $3500. Toni carries on a business in which ASX and the allowable deductions associated with the shares greater than the associated income by $8900 What is Tom's total net investment loss for the year ended 30 June 2015? C, $8900

Explanation / Answer

The purchase of the shares listed in ASX is the only investment made by Toni. The income or loss from residential repertory, commercial property and the business are all business income for Toni and cannot be considered as Investment.
As the associated income from the shares are less than the allowable deductions by $8900, the net loss from investment for Toni = $8900

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