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Self-employed
Hi, thank you for using Intuit TurboTax Community
A negative number can be entered on line 8210 of s125 and would represent a loss on the sale of an asset. A capital loss on schedule 6 would not offset other income on schedule 1. As per CRA rules, a capital loss can be carried back 3 years or carried forward. Check schedule 4 for the net capital loss details.
Hope this helps
‎October 8, 2020
6:30 AM