WA How to Calculate Tax Return After Bankruptcy?

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roland

Active Member
15 December 2016
8
1
31
I filed last year's tax return and owed zero tax. I filed for bankruptcy, which was accepted in August this year. My question is, do I calculate my earnings from June 30 this year or from when I went bankrupt this year for the purpose of paying tax on anything over the $18k threshold?
 
S

Sophea

Guest
I would think it would be from June 30. Just because you weren't bankrupt then doesn't mean the income before that didn't exist. But perhaps you should check with your trustee in bankruptcy.