☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 31, 2019 4:14:04 AM

My husband and I invested $20,000 in shares in a non public company that closed. How do I enter that to show as a capital loss?

How do we split that as a capital loss and how is it specifically entered in turbo tax 2018? and what form??

0 1 1040
1 Replies
New Member
Oct 31, 2019 4:14:06 AM

To claim capital losses, complete line 127 and Schedule 3 of your return.  Here's a link for more information on which small business corporations shares qualify: 

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/completing-schedule-3/qualified-small-business-corporation-shares.html

And another link on Losses and How to Claim Them on Your Taxes:
https://turbotax.intuit.ca/tips/losses-and-how-to-claim-them-on-your-taxes-6268