Hi all, This is like tax and investing 101, but I always thought that it was the NET rental income, and not GROSS rental income from my IP that was calculated towards my taxable income. So I have an IP and my gross rental income for FY 2018-2019 was $23,000, but after deductions (such as the interest repayments, repairs etc) I have about $4k net income. I thought: Assessable income − allowable deductions = taxable income Looking at my tax return from 2019, it looks like my accountant has added $23,000 to my employment income, to get to a total of my taxable income instead of $4,000. Surely they've made a mistake!! I will be calling them first thing in the morning, but not sure I can sleep in the meantime!!! I've been reading the ATO website and googling but now I'm confused .Any advice gratefully accepted!!!