topic Can I claim a capital loss on stocks transferred into TFSA? in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-a-capital-loss-on-stocks-transferred-into-tfsa/01/905491#M2103 Wed, 30 Oct 2019 12:06:08 GMT marvue01 2019-10-30T12:06:08Z Can I claim a capital loss on stocks transferred into TFSA? https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-a-capital-loss-on-stocks-transferred-into-tfsa/01/905491#M2103 Wed, 30 Oct 2019 12:06:08 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-a-capital-loss-on-stocks-transferred-into-tfsa/01/905491#M2103 marvue01 2019-10-30T12:06:08Z Unfortunately you need to sell your stocks as a loss firs... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/unfortunately-you-need-to-sell-your-stocks-as-a-loss-firs/01/905492#M2104 <P>Unfortunately you need to sell your stocks as a loss first before transferring the money to your TFSA. And if you do sell as a loss, you should wait 30 days before buying again&nbsp;to avoid the superficial loss rule.</P><P>Some more information...</P><BLOCKQUOTE> <P><I>"If the stock you want to transfer into your TFSA has fallen in value you cannot claim the loss for tax purposes. In order to claim the loss you’d have to sell the stock outside the TFSA first. But be mindful of the superficial loss rule, which prevents investors from selling a stock to claim a loss and then buying it back in right back. If you sell the stock outside of the TFSA and buy it back within 30-days, the loss will be denied."</I></P> <P><A href="http://www.moneysense.ca/columns/transferring-stocks-into-a-tfsa/" rel="nofollow" target="_blank">http://www.moneysense.ca/columns/transferring-stocks-into-a-tfsa/</A></P> </BLOCKQUOTE> Wed, 30 Oct 2019 12:06:09 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/unfortunately-you-need-to-sell-your-stocks-as-a-loss-firs/01/905492#M2104 Jocelyn-TurboTax 2019-10-30T12:06:09Z
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topic Can I claim a capital loss on stocks transferred into TFSA? in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-a-capital-loss-on-stocks-transferred-into-tfsa/01/905491#M2103
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Can I claim a capital loss on stocks transferred into TFSA?
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/can-i-claim-a-capital-loss-on-stocks-transferred-into-tfsa/01/905491#M2103
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Unfortunately you need to sell your stocks as a loss firs...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/unfortunately-you-need-to-sell-your-stocks-as-a-loss-firs/01/905492#M2104
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<P>Unfortunately you need to sell your stocks as a loss first before transferring the money to your TFSA. And if you do sell as a loss, you should wait 30 days before buying again&nbsp;to avoid the superficial loss rule.</P><P>Some more information...</P><BLOCKQUOTE> <P><I>"If the stock you want to transfer into your TFSA has fallen in value you cannot claim the loss for tax purposes. In order to claim the loss you’d have to sell the stock outside the TFSA first. But be mindful of the superficial loss rule, which prevents investors from selling a stock to claim a loss and then buying it back in right back. If you sell the stock outside of the TFSA and buy it back within 30-days, the loss will be denied."</I></P> <P><A href="http://www.moneysense.ca/columns/transferring-stocks-into-a-tfsa/" rel="nofollow" target="_blank">http://www.moneysense.ca/columns/transferring-stocks-into-a-tfsa/</A></P> </BLOCKQUOTE>
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