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    buttmeister
    New Member

    Can I Apply Investment (2023)T5008 losses backwards to offset my Rental Property Capital Gains from (2021)? Do I have to complete 2023 T1 before submitting T1a1

    Investment Losses from Mutual Funds/ Stocks disposition
    posted
    ‎March 1, 2024 8:23 PM
    last updated ‎March 01, 2024 8:23 PM
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    TurboTaxSusan
    Moderator
    Moderator

    Can I Apply Investment (2023)T5008 losses backwards to offset my Rental Property Capital Gains from (2021)? Do I have to complete 2023 T1 before submitting T1a1

    Yes, you can carry back you capital losses up to 3 years. 

     

    This FAQ tells you how to fill out the T1a form in TurboTax: https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/tax-return/carry-back-net-c...

     

    ‎March 2, 2024 11:03 AM
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