Type-O on Form ABIL

drbyte0001 · ‎March 8, 2025

Hi,

On Form ABIL Line C there is a type-o.

Business investment loss fo rthe year

Bruce

TurboTaxAniqua · ‎March 11, 2025

Any ABIL that you claim for 2024 will reduce the capital gains deduction you can claim in 2024 and future years. Lines 21698, 21699 and 21700 – Business investment loss. This is related to Schedule 3.

Schedule 3 is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?

We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.

We appreciate your patience.

Thank you for choosing TurboTax.

TurboTaxAniqua · ‎March 11, 2025

Any ABIL that you claim for 2024 will reduce the capital gains deduction you can claim in 2024 and future years. Lines 21698, 21699 and 21700 – Business investment loss. This is related to Schedule 3.

Schedule 3 is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?

We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.

We appreciate your patience.

Thank you for choosing TurboTax.

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