2.7.6 Income from other business (RF-1175, RF-1167 or RF-1242) and surpluses with simplified reporting

Item 2.7.6 Applies to the tax year 2016

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Under this item, you enter the calculated business income, through simplified reporting, "Business Tax return" or using the form "RF-1175 Income statement 1" or the form "RF-1242 Income statement for visual artists".

Does this item concern me?

The item concerns everyone who runs a sole proprietorship within the category "Other business" and who has a calculated surplus

• in cases where simplified reporting is used directly in the tax return, or

• in the form RF-1175 Income statement 1 or RF-1167 Income statement 2.

Other business means all businesses except slate quarrying in northern Troms or Finnmark, forestry, agriculture, horticulture, fur farming and/or fishing/hunting at sea.

The item also concerns visual artists who are not fully obliged to keep accounts and who have a calculated surplus in form RF-1242 Income statement for visual artists.

How do I enter this in my tax return?

I am exempt from the obligation to submit an income statement.

If you are exempt from the obligation to submit an income statement, any operating profit will be transferred from the "Wizard for operating revenue and expenses" to this item in the tax return.

I have to submit the form "RF-1175 Income statement 1" or "RF-1167 Income statement 2".

Under item 2.7.6, you should enter the sum of the category "Other business" from item 0402 column E in form RF-1175 or RF-1167. When you submit electronically, the amount under item 2.7.6 will be automatically transferred from form RF-1175 or RF-1167.

Distributing between spouses

If business income is to be distributed between spouses, the person who is the chief party in the business must enter the sum of the category "Other business" under item 0402 column F in form RF-1175 or RF-1167, under item 2.7.6. You are the chief party in the business if you submit the income statement in your name.

If you are not the chief party in the business, you must enter the sum of the category "Other business" in item 0402 column G in form RF-1175 or RF-1167, under item 2.7.6 in your tax return.

Business income must generally be distributed on the basis of work input. When you submit electronically, the amount under item 2.7.6 will be automatically transferred from form RF-1175 or RF-1167.

I have to submit form "RF-1242 Income statement for visual artists"

Under item 2.7.6, you should enter the amount from item 2.90 in form RF-1242. When you submit electronically, the amount under item 2.7.6 will be automatically transferred from form RF-1242.

Check whether you can submit with "Business Tax return"

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Documentation requirements

You do not need to send us any documentation for this, but you must be able to present documentation if we ask for it.

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