PeteH Posted February 12 Report Share Posted February 12 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...
Geo123 Posted February 13 Report Share Posted February 13 Hello PeteH, Regarding : the 2021 "$ unapplied net loss" should be the most up to date amount available to deduct any existing capital gains, correct >>Correct but you should reconcile with CRA NOA Please contact UFile Support so we may review the file confidentially and assist with the reconciliation. For telephone support, please call: 514-733-8414 or 1-888-633-8414 An agent can review the issue with you. If you prefer, you can also open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us Quote Link to comment Share on other sites More sharing options...
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