20‑60 If you are the only entity that ca20‑60 If you are the only entity that can deduct an amount for the loss or outgoing

#### 20‑60 If you are the only entity that can deduct an amount for the loss or outgoing This Subdivision applies in a different way if: (a) an entity (other than you) incurs a loss or outgoing; and (b) you can deduct the whole of the loss or outgoing for an income year, or you can deduct amounts for the loss or outgoing over 2 or more income years; and (c) no other entity can deduct an amount for the loss or outgoing; and (d) the entity that incurred the loss or outgoing receives one or more amounts as \*recoupment of the loss or outgoing. This Subdivision (except this section and section 20‑65) applies as if you had incurred the loss or outgoing and had also received the \*recoupment.