Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    Announcements
    Find CRA error Netfile information >> HERE!
    buttmeister
    New Member

    Can I Apply Investment (2023)T5008 losses backwards to offset my Rental Property Capital Gains from (2021)? Do I have to complete 2023 T1 before submitting T1a1

    Investment Losses from Mutual Funds/ Stocks disposition
    posted
    ‎March 1, 2024 8:23 PM
    last updated ‎March 01, 2024 8:23 PM
    0
    1
    2,387
    Reply
    1 Reply
    TurboTaxSusan
    Moderator
    Moderator

    Can I Apply Investment (2023)T5008 losses backwards to offset my Rental Property Capital Gains from (2021)? Do I have to complete 2023 T1 before submitting T1a1

    Yes, you can carry back you capital losses up to 3 years. 

     

    This FAQ tells you how to fill out the T1a form in TurboTax: https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/tax-return/carry-back-net-c...

     

    ‎March 2, 2024 11:03 AM
    0
    2,358
    Reply

    Related Content

    bragg-barb
    TWong
    sophiey-cheng
    Raph-ENCA
    Raph-ENCA