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Returning Member
posted Apr 11, 2020 3:35:04 PM

Applying a capital loss against other income

According to various websites, "You can use a maximum of $3,000 of capital losses each year as a write-off against income other than capital gains."

 

How do I enter that on TurboTax?

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1 Replies
Level 15
May 8, 2020 7:49:53 PM

We are not aware of this rule in Canada, although it does seem to be a US deduction. 

 

This Google search shows the deduction only available for US residents on their US tax return: Google Search Results