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?
01844
1 Replies
TurboTax-Esther
Level 7
Oct 30, 2019 3:11:40 PM
No, capital losses can only be applied to capital gains.
Capital losses can be applied to other income in the year of death.