Hello,
On my 20022 notice of assessment I have about $5683 of capital losses which can be used. However, TurboTax shows I have 0 to apply in Line 25300.
I attach the LOSS form for your reference.
In summary:
The next line results in a negative amount that can be applied 0 - $3207 = 0
I have 0 to apply, but revenue canada says I have $5683 available as capital losses.
I don't understand why (8), (10) matters. How can I correct 8 & 10 as it will block me from using the capital losses.
Do I need to override the 25300 and enter an amout equal to the capital gains I am offsetting and file manually? Please advise.
Thanks
Pat
In order to help you with this situation, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help resolve the issue. To contact them, please follow this link: Contact Us. When the message asks if you wish to receive an email, say NO then say speak to a representative and stay on the line.
Thank you for choosing TurboTax.