Okay got it. Thank you Ginette. Last question I think. I have followed the below steps in TurboTax online Premier. I'll be submitting my tax return via TurboTax. If I followed the steps below, will that send the CRA the details for them to create my refund or will I have to send them the T1A form in addition to doing the below steps. More specifically can I do this all in TurboTax online or do I need to also send that T1A form. I was hoping I could do this entirely in TurboTax online. If not that's fine. Just want to get a bit of a clarity. Sorry for my lack of knowledge on this.
- Select Find and enter losses in the search bar
- Select Losses from the search results, then Go
- Select the Request for Loss Carryback box
- Select Continue until you reach the Net Capital Loss Carrybacks screen
- The maximum net capital loss that you can carry back is listed. Enter the amount(s) you wish to carry back for each applicable year, then select Continue
