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New Member
posted Oct 30, 2019 4:44:19 PM

I've capital loss. Turbo tax generated condensed T1. No Sch 3 Supplementary statement. How do I generate one? How do I verify the proper capital loss is reported?

0 1 2001
1 Replies
New Member
Oct 30, 2019 4:44:21 PM

T1 condensed is only used to mail in the return. If you would like to see a full copy, you need to go past the NETFILE (electronic filing) / Print and Mail to CRA screen, and there will be a screen that will allow you to save a T1 General copy to your hard drive. This is your personal copy and must not be mailed to the CRA.

Generally, capital losses are deductible only to the extent of capital gains. If you didn't have capital gains, this year, your losses will not be reported on the T1, and will be carried to future years.