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forumrox
New Member

2017 LPP Loss not showing up in Turbotax for Carry Forward - why?

  1. My re-filed 2017 T1 shows a LPP Loss: https://prnt.sc/mt305x
  2. Turbotax 2018 does not recognize/import this loss: https://prnt.sc/mt31bl

Why?

I want the TurboTax system to recognize that loss from previous years, so it can carry forward 7 years. Should it not populate that field?

5 Replies

2017 LPP Loss not showing up in Turbotax for Carry Forward - why?

When you started your tax return for 2018 did you "Start a new return" or "Transfer into a new 2018 return"?  If you started a new return you would have to manually enter it.  If you transferred to a new return, did the time limit end for carrying it forward?  That might be why.

forumrox
New Member

2017 LPP Loss not showing up in Turbotax for Carry Forward - why?

I imported from the previous year. As the loss occurred in 2017, it has a 7 year expiry, so still 6 more years after this one. I guess I'll just manually enter the number even though it says available balance of 0 from notice of assessment before. Would be nice if TurboTax actually helped out and answered their customers.

2017 LPP Loss not showing up in Turbotax for Carry Forward - why?

I am having the same issue...program flaw?
forumrox
New Member

2017 LPP Loss not showing up in Turbotax for Carry Forward - why?

It appears to be a problem with the CRA system. The CRA area for your account won't show the LPP as a loss - but there is an area to specify the loss to be carried forward in the tax program. I ended up using SimpleTax instead - their help was super fast and it's free or you can choose to donate. Not happy with Turbotax customer service.

2017 LPP Loss not showing up in Turbotax for Carry Forward - why?

From what I understand that Notice Of Assessment should have shown a carry forward.  I understand you as a question I needed answered wasn't answered from Turbo Tax but rather I obtained information through this community forum.