How do I claim lump sum E on 2020 and later individual tax returns
Firstly, check the ATO's prefill did not import data into the item 24 category 1 worksheet for lump sum payment. If it did, please delete the worksheet.
Complete the two lump sum fields in the income worksheet (item 1 worksheet).
• Lump sum code
• Lump sum amount - lum sum year and lump sum amount
The lump sum amount will automatically transfer to the newly added item 24 lump sum amount field. The software will also include $0 at item 24 category 1 to pass validation due to the new validation rules in the 2020 tax return.