T1 tax calculations
462 Carryforwards
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.
|