Rev Can states that my mother has unused capital gains credit of $311. Her loss of this year is $22.04 (T3) . Can the excess credit be applied to interest on T5?
Rev Can states that my mother has unused capital gains credit of $311. Her loss of this year is $22.04 (T3) . Can the excess credit be applied to interest on T5?
No, capital losses can only be applied to capital gains.
Capital losses can be applied to other income in the year of death.
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