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 29, 2019 7:03:08 PM

My Client has a capital gains deduction of $11,100 from his 2014 tax return. Help me explain to him where this can be deducted.

            He also has unused non-capital losses of other years. Need help in this area.

0 1 523
1 Best answer
New Member
Oct 29, 2019 7:03:09 PM

Does he have any capital gains that he can use this deduction against ?  Non-capital losses on a T1 usually refer to self-employment income.  Does he have sufficient income that this can be used against. Are you using the desktop version or the online version?

1 Replies
New Member
Oct 29, 2019 7:03:09 PM

Does he have any capital gains that he can use this deduction against ?  Non-capital losses on a T1 usually refer to self-employment income.  Does he have sufficient income that this can be used against. Are you using the desktop version or the online version?