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adamousacom, CPA, PFS, QFP, CGMA
Category: Canada Tax
Satisfied Customers: 2884
Experience:  CPA, Dual Citizen US and canada
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I have an issue with TurboTax (Canadian filier) applying my

Customer Question

My name is***** have an issue with TurboTax (Canadian filier) applying my loss carry forward to the current years capital gains.
JA: Thanks. Can you give me any more details about your issue?
Customer: Line 127 of my T1 summary shows a capital gain amount of say $5k, I have loss carried forwards remaining of $30k, however the Turbo Tax software is not putting in any values in either line 253 or 254 to apply so of my loss carry forward to offset the $5k amount. I am wondering why?
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Submitted: 1 year ago.
Category: Canada Tax
Expert:  adamousacom replied 1 year ago.
If you opened a previous years copy or not that depends on the answer. Please let me know.