Line 25300, net capital losses of other years.

[Kevin Pack]

..How do I apply the carried forward net capital losses of other years to income on the final return?

[TheTaxSmith]

Hi Kevin Pack.

Go back to the Interview setup. On the right side look for the last section "Carryforward amounts and prior year information". Select "Losses of prior years, carrybacks" and that will give you the data entry area. Once entered it will automatically deduct on the return. 

You should make sure that your net capital losses agee with your 2019 Notice of Assessment. 

[Kevin Pack]

That did it, thanks so much

[IreneW]

I did select "Losses of prior years, carrybacks" and that it refuse to give me the data entry area, it says " you can not add anymore pages of this type"... how come?

[TheTaxSmith]

On the left side in the index listing did you click on Net Capital Losses. Opening that schedule you will then need to enter the net capital losses by year of origin. You enter the total for the year. Make sure the final summary total agrees with the CRA notice from last year.

[moat]

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Edited April 28, 2022 by moat
I made a mistake

[wpointner]

Mistaken entry

Edited December 15, 2022 by wpointner
ot required