topic As A Canadian corporation I have an USD investment account which i use to day trade. Should my losses be entered in the capital gains section or foreign income section. in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/as-a-canadian-corporation-i-have-an-usd-investment-account-which-i-use-to-day-trade-should-my-losses/01/940401#M6065 <P>If i report my losses in the foreign income section does that go to offset my income for the year? If my total is a loss for the year does that get carried over to subsequent years?</P><P> <BR /> </P><P>If i report my losses in the capital gains section does that loss get carried over to subsequent years?</P> Thu, 31 Oct 2019 08:29:49 GMT samstruong 2019-10-31T08:29:49Z As A Canadian corporation I have an USD investment account which i use to day trade. Should my losses be entered in the capital gains section or foreign income section. https://turbotax.community.intuit.ca/community/investments-rentals/discussion/as-a-canadian-corporation-i-have-an-usd-investment-account-which-i-use-to-day-trade-should-my-losses/01/940401#M6065 <P>If i report my losses in the foreign income section does that go to offset my income for the year? If my total is a loss for the year does that get carried over to subsequent years?</P><P> <BR /> </P><P>If i report my losses in the capital gains section does that loss get carried over to subsequent years?</P> Thu, 31 Oct 2019 08:29:49 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/as-a-canadian-corporation-i-have-an-usd-investment-account-which-i-use-to-day-trade-should-my-losses/01/940401#M6065 samstruong 2019-10-31T08:29:49Z Hello, A foreign loss will still impact the current year... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hello-a-foreign-loss-will-still-impact-the-current-year/01/940402#M6066 <P>Hello,</P><P>A foreign loss will still impact the current year and any loss's from the current year will be carried over to the following years.&nbsp; Depending on the type of loss example capital loss or non capital loss, it could be claimed on a future gain in order to reduce the income tax payable.&nbsp; If the loss is from a foreign source I would say include the information in the foreign section.</P> Thu, 31 Oct 2019 08:29:51 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hello-a-foreign-loss-will-still-impact-the-current-year/01/940402#M6066 william_newfeld 2019-10-31T08:29:51Z
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topic As A Canadian corporation I have an USD investment account which i use to day trade. Should my losses be entered in the capital gains section or foreign income section. in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/as-a-canadian-corporation-i-have-an-usd-investment-account-which-i-use-to-day-trade-should-my-losses/01/940401#M6065
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<P>If i report my losses in the foreign income section does that go to offset my income for the year? If my total is a loss for the year does that get carried over to subsequent years?</P><P> <BR /> </P><P>If i report my losses in the capital gains section does that loss get carried over to subsequent years?</P>
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As A Canadian corporation I have an USD investment account which i use to day trade. Should my losses be entered in the capital gains section or foreign income section.
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/as-a-canadian-corporation-i-have-an-usd-investment-account-which-i-use-to-day-trade-should-my-losses/01/940401#M6065
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<P>If i report my losses in the foreign income section does that go to offset my income for the year? If my total is a loss for the year does that get carried over to subsequent years?</P><P> <BR /> </P><P>If i report my losses in the capital gains section does that loss get carried over to subsequent years?</P>
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Hello, A foreign loss will still impact the current year...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hello-a-foreign-loss-will-still-impact-the-current-year/01/940402#M6066
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<P>Hello,</P><P>A foreign loss will still impact the current year and any loss's from the current year will be carried over to the following years.&nbsp; Depending on the type of loss example capital loss or non capital loss, it could be claimed on a future gain in order to reduce the income tax payable.&nbsp; If the loss is from a foreign source I would say include the information in the foreign section.</P>
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