Jump to content

Property Capital loss Question

Recommended Posts

Hi there,


Hope you are all doing well. I had a capital loss from a property I sold last year. However, it does not show a number at all for section 5 (capital gain/loss )for "Real estate, depreciable property and other properties" capital gain/loss (Schedule 3). My business partners accountant had the same issue, so they used a different tax program. It shows the correct numbers in section 1-4. But nothing in section 5. 

Has anyone else had this issue?

Kind regards,





Link to comment
Share on other sites

Hello Joe Shmoe,

A loss from the sale of depreciable property is not considered to be a capital loss. However, you may be able to claim a terminal loss.  This requires CCA claimed from previous years.
T776 – Line 9948

RQ : 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...