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June 20, 2023
Question

Capital Losses

  • June 20, 2023
  • 0 replies
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On completing my 2022 return on Turbo Tax, the Review process told me I had $25000 in capital losses from prior years that I could claim against gains in 2022. I claimed them, but my CRA assessment said they had no record of those losses claimed.

Question: How does TT calculate losses, and does it keep a running tally of losses previously claimed and decrease the amount indicated/available for the next year return?