Does anyone know how the ATO arrives at the figures they give to the accountant for shares traded during the financial year? Last financial year for share trading if I add up all the profit made in the financial year(profit from trade minus losses on trades minus brokerage fees), it totals $7k. On the other hand, the accountant said ATO gives her all the statements & the figures show I've made a $40k capital loss & this is what. she has put in my tax return. How can a $7k profit from share trading end up being a $40k capital loss on a tax return?