Claiming carry forward capital loss

[Ruth]

I have been unable to find where I enter the amount of capital gains losses carried forward to use against a capital gain on 2018 return. Research suggests I have to check "Other Options" in the Interview set up panel to access the right form, but "Other Options" does not open in my file. 

[Ruth]

I got a response from UFILE support which has solved the problem:

 

RE: Line 253 - Net capital losses of other years - First time entry

If you have net capital gains for the current tax year and would like to utilize net capital losses of prior years to offset the net capital gains, please follow the steps below:

(Available capital losses are shown on the CRA's Notice of Assessment or Notice of Reassessment for the previous taxation year.)

1- In the "Left side menu on the Interview tab", select "Interview setup".

2 - On the right-hand side of the screen. Go to the "Carryforward amounts and prior year information" group, check the box for "Losses of prior years, carrybacks" and then click "Next" at the bottom of the page.

3- Return to the "Left side menu on the Interview tab", select "Losses of prior years and carrybacks".

4- On the new page, chose the option "Net capital losses of other years".

5- Enter your net capital losses of prior years.

6- If you wish to limit the amount of capital losses applied to the current year, enter the amount on the last line at the bottom of the page.

The program will report the net capital loss on line 253 of your federal return and on line 290 of the Quebec return. To see the details of the application of net capital losses, click on the "Tax return" tab and select federal form "Net Capital Losses of Other Years" and, if applicable, Quebec form TP-729 "Carry-Forward of Net capital Losses".

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[Trevor Patterson]

How are capital losses of prior years - as indicated in 2018 assessment- applied without year to year breakdown, such as indicated in CRA Chart 4? 

[techgeek22]

How is this done in 2019 tax package?  The instruction by Ruth don't seem to line up.

[techgeek22]

Seems I have more to learn... The input is broken down by year from 1985-2020.  In the Notice of Assessment (NOA) it doesn't give a breakdown.  Only that year and the total unused losses. How can I get a per year breakdown? Or can I just put a total from the NOA in 2020

[Curmudgeon]

You can put the total in, that's the way it's done.

[techgeek22]

19 hours ago, Curmudgeon said:

You can put the total in, that's the way it's done.

Because taxes are not my things... wanted to be super clear... I see items in some of the other years... but some must be missing because they don't total to the amount in the Notice of Assesment (NOA).  In that case I can clear all the row and put the total unused losses (from NOA) in the most recent year.

[Curmudgeon]

Yes