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: 
    mohajamal
    New Member

    Where can I write business loss from trading?

     
    posted
    ‎May 13, 2021 4:47 PM
    last updated ‎May 13, 2021 4:47 PM
    0
    1
    1,209
    Reply
    1 Reply
    pinklady3245
    Level 6

    Where can I write business loss from trading?

    Complete Chart 6 of the T4037 Capital Gains form to determine the loss amount, then report the loss on line 21699 and line 21700. Report the total ABIL on line 21699, and report the allowable portion to claim based on your income on line 21700.

     
    For more information, please see:

    Thank you for choosing TurboTax. If you have further questions, please feel free to contact us

    ‎May 28, 2021 1:21 PM
    0
    1,197
    Reply
    Live Full Service: Taxes Done for you! Get matched with a local tax expert who can do your taxes, start-to-finish, the same day. Start for free!

    Related Content

    sclyyzdriver-gma
    bonnq
    Sangwone
    valktt
    jolenealitax