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How to claim capital losses against other income for a deceased person
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
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Credits and deductions
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
Thank you for choosing TurboTax.
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Credits and deductions
How to show a negative amount in brackets on line 127 in Turbotax ?
I tried to do it on schedule 3 but it does not populate to line 127
Thank you