NZ Tax - IR10 Form - Update Box 60 label to 'Total value of Investment Boost asset(s) being claimed' to match Inland Revenue guidelines
Currently the IR10, Box 60 says 'Investment Boost Claimed', but this is misleading as the amount that needs to be entered is the value of the assets which are having Investment Boost claimed.
The IRD's IR10 Guide calls Box 60 'Total value of Investment Boost asset(s) being claimed'.
Please change the name of Box 60 to match the IR10 guide. This will make it easier for users to enter the correct amount.
Kelly Duffy
shared this idea
Hi everyone, thanks for raising this.
We can see how clearer wording in Box 60 of the IR10 could help reduce confusion during year-end filing and support more accurate reporting of Investment Boost assets.
I've updated the status of this idea to Gaining Support, so if this is an update you'd like to see, we encourage the community to vote.
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Nicola Pollard
commented
This seems very basic and should be easily achieved quickly.
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Geoff Balme
commented
Please fix immediately otherwise people will make mistakes like I have an change the number to the amount claimed, as your line says, rather than the cost of the assets.