TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Capital loss limit is $3k but TurboTax took all $18k - WHY???

Forum|Forum|1 year ago
March 10, 2025
1 reply
0 views

Capital loss carryover from 2023 -$18,000 All capital losses used in 2024 -$18,000 Remaining losses carried forward to 2025 - $0.00 Should only use $3000 of my capital loss carryover.

If you had enough gains on your 2024 return to use the losses carried forward from 2023, then there is not a limit to the amount that can be claimed. They were all used to lower your tax bill.

There is only a $3000 per year limit if there are not gains being offset by the losses. If there are only losses to consider, then you can only take $3000 in loss per year.

The following TurboTax help article explains this also:

What is a capital loss carryover?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"