Look-through company (LTC) income loss attribution 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the Look-through company (LTC) name and IRD number in the designated fields at the top of the form.
  3. Fill in the owner's name and their IRD number in section 24A, ensuring accuracy for proper attribution.
  4. In section 24B, attribute income/loss based on guidance from page 23 of the IR7 guide. Input values as necessary.
  5. Continue filling out sections 24C through 24I, noting any losses with a minus sign as indicated. This includes deductions and various types of income.
  6. Calculate total income in section 24J by summing boxes 24C to 24I, applying a minus sign for losses.
  7. Complete sections regarding non-allowable deductions carried forward in boxes 24O, 24P, and 24Q as per instructions on pages 25 to 28 of the guide.

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