I have entered (substantial) capital loss in 2022 in T1A and want to claim capital loss carry back against 2021 gains. System is still showing 0 dollar REFUND, why ?
I have entered (substantial) capital loss in 2022 in T1A and want to claim capital loss carry back against 2021 gains. System is still showing 0 dollar REFUND, why ?
In my question, System refers to the Turbo Tax software I am using to prepare 2022 tax return.
I have entered (substantial) capital loss in 2022 in T1A and want to claim capital loss carry back against 2021 gains. System is still showing 0 dollar REFUND, why ?
If you had a loss in 2022 that you carried back to 2021, then you won't see a change on your 2022 return. The CRA will change your 2021 return.
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