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April 27, 2021
Question

I think I qualify for the max capital loss on my tax return. How do i know if i received it all?

  • April 27, 2021
  • 2 replies
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2 replies

Critter-3
April 27, 2021

No sure what you mean by " max cap loss" however you can use the cap loss against any other cap gains and then if you have more loss to deduct you get to take up to $3000 against other income on the return and the excess is carried forward to next year.  So check the Sch D to see what is up with your cap loss. 

Employee
April 27, 2021

Are you doing a Canadian tax return?