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Showing results for tags 'carryback'.
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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!
I have a capital loss from 2015 (let's say $3000), and I'd like to use that against a capital gain I had in 2014 (let's say $2500). I've found the appropriate forms, but I'm not sure which numbers to put in which boxes on "Net capital loss for carryback" section. Can someone give me some guidance? Thanks! Adam