- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I find if I had capitol losses from previous years to use on this year?
I have filed the past 3 years with turbo tax, where do i look for capitol losses if any from the past 3 years?
yesterday
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Getting started
To find unused capital losses from the past 3 years for your current return, check your CRA Notice of Assessment (NOA) for those years, which lists available carryover balances. Since you used TurboTax, you can look at Schedule D (lines 6 and 14) or the Capital Loss Carryover Worksheet in your prior-year tax returns to find the amount.
- Open your previous year's tax return in TurboTax and look at the Capital Loss Carryover Worksheet to see what was carried forward from 2024.
- • Use the TurboTax "Importing from previous year" feature to automatically transfer your carry-forward balances directly into the proper spots for the current year's return.
- Ensure you enter previous years' capital losses in the Investment/Loss section of TurboTax and confirm the carry-forward amounts are applied to any current year capital gains
Carrying Capital Losses Backward or Forward
Thank you for choosing TurboTax.
yesterday