My husband passed away in 2024. He had some capital losses accumulated over the years. How to claim it against other income in Turbo Tax?
How to show negative amount on line 127?
Thank you
Rada
Sorry for your loss!
Use any net capital loss remaining to reduce other income for the year of death, the year before the year of death, or for both years. If you claim any remaining net capital loss in the year of death, you should claim it as a negative amount in brackets at line 12700 of the Final Return. A man died on June 20, 2024.
For more information, refer to this CRA article: Net capital losses
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