Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 31, 2019 1:17:49 AM

Doing my 2018 Tax, I found wrong reporting with my 2017 Tax. The capital G/L for a T5008 strip was wrong which is resulting a missing capital loss carry. What should I do

0 1 337
1 Replies
Level 15
Oct 31, 2019 1:17:51 AM

You'll need to either make an "adjustment" to your 2017 tax return or "ReFile" it. If you want to use the Net Capital Loss incurred from this adjusted T5008 entry on your 2018 tax return, you will have to wait until CRA processes the adjustment and issues you a revised NOA (reassessment) stating how much of a Net Capital Loss you have available.

https://turbotax.community.intuit.ca/replies/3639538