Net capital losses sustained prior to the year of death

On the return of a deceased taxpayer with no capital gains in the year, how can I claim the balance of net capital losses sustained in previous years?

The program does not automatically carry forward to the year of death the balance of net capital losses previously sustained.

Use the keyword Override with the option Federal jacket and/or Quebec jacket, then enter the relevant line number (typically federal line 253 and Quebec line 290) and the amount of loss you wish to use.

Note that if you are filing a Quebec return, you must override line 52 of schedule N to "0". Use the keyword Override to do so.