Rev Can states that my mother has unused capital gains credit of $311. Her loss of this year is $22.04 (T3) . Can the excess credit be applied to interest on T5?

osgoodemom · ‎October 30, 2019

TurboTax-Esther · ‎October 30, 2019

No, capital losses can only be applied to capital gains.

Capital losses can be applied to other income in the year of death.

Investors and rental owners