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I entered capital losses in the cap loss profile section for securities sold that incurred a loss but I cannot see those summaries anywhere... Plus there should also be
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October 31, 2019
4:25 AM
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Investors and rental owners
Were your losses incurred this year? And did you have any Capital Gains this year?
October 31, 2019
4:25 AM
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Investors and rental owners
Any Capital Losses you have incurred this year will be applied against any current year Capital Gains and reduce them first. If your losses exceed your gains, you will still not see the loss amount anywhere on this tax return.
- You are given the option to apply any Net Capital Losses to Net Capital Gains in the three previous years or carry them forward. If you choose to carry them back, you will see a T1A form in the PDF copy of your tax return.
- If you do not carry them back, TurboTax will automatically carry them forward for you and you will see an amount on Notice of Assessment (NOA) when you receive it from CRA.
October 31, 2019
4:25 AM
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Investors and rental owners
Part 9 – Net non-deducted capital losses from 2017 return for about $1700 should have been applied for this year - where can I see that?
October 31, 2019
4:25 AM
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Investors and rental owners
October 31, 2019
4:25 AM