Hello,
If I have a total capital loss in 2019 of $6000 (net capital loss of $3000 ($6000 x 50%)) and a gain of $1000 in 2018, I understand that on the T1A form I enter $1000 in the box 'Amount to be applied to 2018' under Net capital loss for carryback.
However, in 2018 when I had that gain of $1000 I also carried forward a loss of $300 from previous years.
My question then is do I still enter $1000, or $700 (1000-300)?
Thanks!