PeteH Posted February 11, 2023 Report Share Posted February 11, 2023 Hi, The CRA carryover amounts is really puzzling me. Hope someone can assist me interpreting it. I'm checking to see if I have unused capital loss to use from prior years (through inputting it onto my UFile capital gain/loss history). Looking at the CRA carryover table, the top headers are : Year | $ inclusion rate | $ line 127 | $ unapplied net loss | $ net loss applied from prior year | $ net loss applied from subsequent year So my question is - the 2021 "$ unapplied net loss" should be the most up to date amount available to deduct any existing capital gains, correct ? Also, is it true that the table should balance with the total sum of "$ unapplied net loss" + "$ net loss applied from prior year" equals the total sum of "$ line 127" ? since the total unapplied + applied should balance with the reported capital gain/loss on line 127, right ? (this is the part that puzzles me because my sum does not balance) Finally, because I had some reassessments from CRA in prior tax years, I need to update my UFile prior years' capital gain/loss, do I only input the figures in $ line 127 ? Thank you, Quote Link to comment Share on other sites More sharing options...
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