YLWGuy

My wife purchased her home in 2008. We got married in 2013. At that time, I purchased 50% of the home from my wife. For sake of argument, let's say the my wife's purchase price of the home in 2008 was $500,000. Let's say that I paid $300,000 in 2013 in order to purchase 50%. How do I fill out the T2091 form for both my wife & myself? Do we just fill out one T2091 form and say the adjusted cost base was $500,000 with a purchase date of 2008? Or, do we each fill out a T2091 form. My wife's form with $500,000 and purchase date of 2008. My form with $600,000 & purchase date of 2013. Each with 50% ownership. There may be other ways to enter this information. It's not clear how I should enter data into the Ufile software. Thank you for any help.

Thank you for the update. I have found the T1A - Request for Loss Carryback form and filled it in. Do I need to send in a T1-ADJ adjustment request form as well? How will the "surplus" net capital loss of $1250 be carried forward? Is there another form for forwarding this net capital loss to 2021?

I need help with carryback/carryforward of capital losses with Ufile for Windows. From my 2019 assessment I have $250 of net capital losses available. In 2019, I reported $5000 of net capital gains. I forgot to use the $250 of net capital losses when reporting my 2019 income tax In 2020, I sold some shares and recorded a net capital loss of $6000. I would like to carry back a net capital loss of $5000 to my 2019 income tax. By my calculations I should be able to carry back $5000 of net capital losses to 2019. The remainder ($1000 + $250) should carryforward to 2021. How do I go about doing this on Ufile for Windows 2020. Where do I enter the $250 in Ufile for Windows? I would appreciate any help that can be offered.