The above link clearly outlines the use of line 25300 in the case where the taxpayer does not have pre-1985 loss records. My case.
However, when I double-click on line 25300, I am taken to a field in the Loss worksheet requiring a pre-1985 amount of unapplied losses! Why?? I cannot get past this roadblock. The best I can do as a workaround, is to enter the pre-1985 amount - but then I am only allowed to claim $2000.
In searching for related posts - one suggested clearing out the data and doing it again. I opened a new Tax return with no data, added a T5008 slip and tried to claim line 25300 and still had the same issue.
BTW - is this post getting through to TurboTax support? I cannot tell from the web site which does not make a method for raising a support issue clear.
What do I need to do to get a answer?
OK. Figured it out. The problem is that double-clicking the 25300 line brings the user the wrong place in the Loss worksheet. While not a high priority Bug, it is at least a medium priority Enhancement request (the "Enhancement" being having the software go to the correct place when line 25300 is double-clicked). I am hoping Nazisa will communicate this to the design team.
BTW, the correct place to go (for I expect 99.9% of people) is line 7 - above the chart the software takes you to. There is a tricky bit here, in that if there is pre-1985 unapplied losses, the correct place to go is to "Step 1" that deals with lines 1, 2 and 3.
Tip - never try and get call center support afterhours. Nazisa was very good, but my experience afterhours were very bad.
Crewster
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charlesmitch
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richew
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613YOW
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