The most common reason why you may not be seeing anything there is:
The most common reason why you may not be seeing anything there is:
You won't see any "Capital Losses" on Line 127 of the tax return, (Line 127 is for Capital Gains). Actually, Capital Losses do not show up on your current year tax return at all.
If you incur a Capital Loss in the year, you will have the option to Carry Back the loss to any of the previous three years if you had a Capital Gain to apply them against. To do so, go to: Deductions > Losses Profile > Request for Loss Carrybacks. You can see the amount of the Net Capital Loss incurred here, and choose to apply it.
Otherwise, your Net Capital Loss will automatically be carried forward for you, and show on your Notice of Assessment when you receive it.
alabamasdaddy
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dhiscocks
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jenstapleton11
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