You can deduct any Net Capital Losses that are shown on your Notice of Assessment (NOA) from any Capital Gains you have incurred in the current year. However, in order to "split" these with your spouse, they should have previously been reported to CRA as "joint investments" and you should each have a Net Capital Loss amount on your own NOA to apply to any current year gains.
To do so using TurboTax Online (or EasyStep view of TurboTax CD/Download):
(You can also navigate to this section in TurboTax Online by using the "Find" icon, type in "Loss", highlight "Losses" and click Go). In EasyStep view type in "Net", highlight "Net Capital Loss Carryforward".)
You can deduct any Net Capital Losses that are shown on your Notice of Assessment (NOA) from any Capital Gains you have incurred in the current year. However, in order to "split" these with your spouse, they should have previously been reported to CRA as "joint investments" and you should each have a Net Capital Loss amount on your own NOA to apply to any current year gains.
To do so using TurboTax Online (or EasyStep view of TurboTax CD/Download):
(You can also navigate to this section in TurboTax Online by using the "Find" icon, type in "Loss", highlight "Losses" and click Go). In EasyStep view type in "Net", highlight "Net Capital Loss Carryforward".)
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