topic I sold my rental property in the UK in feb 2017 and it shows capital gains of -\$2170 (so assuming this is a loss?). Can this offset what I have to pay out? in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-sold-my-rental-property-in-the-uk-in-feb-2017-and-it-shows-capital-gains-of-2170-so-assuming-this/01/915169#M3147 Wed, 30 Oct 2019 17:30:13 GMT aabrooke 2019-10-30T17:30:13Z I sold my rental property in the UK in feb 2017 and it shows capital gains of -\$2170 (so assuming this is a loss?). Can this offset what I have to pay out? https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-sold-my-rental-property-in-the-uk-in-feb-2017-and-it-shows-capital-gains-of-2170-so-assuming-this/01/915169#M3147 Wed, 30 Oct 2019 17:30:13 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-sold-my-rental-property-in-the-uk-in-feb-2017-and-it-shows-capital-gains-of-2170-so-assuming-this/01/915169#M3147 aabrooke 2019-10-30T17:30:13Z The amount calculated, if shown with a - sign, does in fa... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-amount-calculated-if-shown-with-a-sign-does-in-fa/01/915170#M3148 <P>The amount calculated, if shown with a - sign, does in fact reflect a loss.&nbsp; For tax purposes, in Canada, net capital losses can only be applied to taxable capital gains and they cannot be used to offset other income.</P> Wed, 30 Oct 2019 17:30:14 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-amount-calculated-if-shown-with-a-sign-does-in-fa/01/915170#M3148 TurbotaxRobert 2019-10-30T17:30:14Z
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topic I sold my rental property in the UK in feb 2017 and it shows capital gains of -\$2170 (so assuming this is a loss?). Can this offset what I have to pay out? in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-sold-my-rental-property-in-the-uk-in-feb-2017-and-it-shows-capital-gains-of-2170-so-assuming-this/01/915169#M3147
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<pubDate>Wed, 30 Oct 2019 17:30:13 GMT</pubDate>
<dc:creator>aabrooke</dc:creator>
<dc:date>2019-10-30T17:30:13Z</dc:date>
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<title>
I sold my rental property in the UK in feb 2017 and it shows capital gains of -\$2170 (so assuming this is a loss?). Can this offset what I have to pay out?
</title>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-sold-my-rental-property-in-the-uk-in-feb-2017-and-it-shows-capital-gains-of-2170-so-assuming-this/01/915169#M3147
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<pubDate>Wed, 30 Oct 2019 17:30:13 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-sold-my-rental-property-in-the-uk-in-feb-2017-and-it-shows-capital-gains-of-2170-so-assuming-this/01/915169#M3147
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<dc:creator>aabrooke</dc:creator>
<dc:date>2019-10-30T17:30:13Z</dc:date>
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<title>
The amount calculated, if shown with a - sign, does in fa...
</title>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-amount-calculated-if-shown-with-a-sign-does-in-fa/01/915170#M3148