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Level 2
posted Feb 10, 2025 12:27:11 PM

Loss Worksheet error

Turbo tax did an update yesterday, but they still have an important error on the Loss Worksheet.


There is an error on the Loss Worksheet in Chart A - Column (F).


The entries in column (F) should be (2 x IR) and not (IR).


The result of the error is the "Net Capital Loss Balance to Carry Forward" in Column E is incorrect. 

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1 Replies
Moderator
Feb 10, 2025 3:55:44 PM

CRA and Revenue Quebec are giving themselves until February 24th to adjust all the forms that have to do with capital gains and losses.  

 https://www.canada.ca/en/department-finance/news/2025/01/government-of-canada-annou[…]-implementation-of-change-to-capital-gains-inclusion-rate.html.

We will release more updates within the products when all the forms are finalized by CRA.

 

Thanks for choosing TurboTax.