There are multiple possible reasons that your capital loss is showing as $0. Ensure that all capital gain/loss transactions have been reported for this year. If you have reported them, it is possible that your total Proceeds of Dispositions are greater than your Adjusted Cost Base (ACB) Therefore, showing you a capital gain. If your capital gain/loss is $0, that implies that your Proceeds and Adjusted cost base are equal, leaving a neutral zero number. TurboTax uses the following equation to automatically calculate your gain/loss on capital (As provided by the Canada Revenue Agency):
Proceeds of Disposition - Adjusted Cost Base + Outlays and Expenses = Capital Gain/Loss
Thank you for choosing TurboTax.
user38886697
New Member
itainteazy88
New Member
onsaskbc
New Member
nosynootnoot
New Member
kattgrrrl
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.