Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jun 20, 2023 11:45:36 AM

Capital Losses

On completing my 2022 return on Turbo Tax, the Review process told me I had $25000 in capital losses from prior years that I could claim against gains in 2022. I claimed them, but my CRA assessment said they had no record of those losses claimed.

Question: How does TT calculate losses, and does it keep a running tally of losses previously claimed and decrease the amount indicated/available for the next year return?

0 515
0 Replies