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T1 tax calculations
462 Carryforwards

Print this pageForward this document  Non capital loss carryforwards not applied against 2004 income

Program(s) affected: T1 Document created: February 13, 2005
Tax year(s): 2004 Document last modified: February 18, 2005
Version(s): 8.10 Problem status: Fixed

Why is DT Max not applying the non capital loss carryforwards against my client's income in 2004?

This occurs with some carryforwards from the NonCapLossCF keyword group.

More specifically, it happens with restricted farm losses, farming/fishing losses, and allowable business investment losses (ABIL).

As a workaround, re-enter the carryforwards in the existing group by selecting the applicable type of loss from the drop-down menu. You will get the message "This change will delete other information in this group". Click OK and then re-enter your carryforwards in the keyword Amount.