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.

cancel
Showing results for 
Search instead for 
Did you mean: 

Can i carry forward unreported 2016 capital loss on my 2017 tax return?

 
2 Replies

Can i carry forward unreported 2016 capital loss on my 2017 tax return?

The best course of action would be to file an amendment to include the loss on your 2016 tax return, before using the loss on your 2017 return. The CRA says that you should be reporting gains & losses in the year that you incurred them. 

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...


be00056
New Member

Can i carry forward unreported 2016 capital loss on my 2017 tax return?

If I file an amendment to CRA how can I update this information on Turbo Tax to ensure my capital loss carryforward is correct?