  Capital losses carryforwards |
Use Net-Cap-Loss to specify capital loss carryforward information available in the current tax year. These amounts need only be entered for new DT Max client files. Amounts required for future years will be generated automatically by DT Max. Capital gain carryforwards are entered at the prevailing taxable rate. The applicable rate is listed with each option.
The following options are applicable for the keyword Net-Cap-Loss.
Net capital losses
Precious or listed personal property (LPP) These are the gross amount of capital losses to carry forward in regards to PRECIOUS or listed personal property. They can be applied only against PRECIOUS or listed personal property capital gains.
Limit of net capital losses to use This would limit the amount of capital losses to be used in the current year. To override the results use OVERRIDE keyword and override line 25300 of the federal income tax return and line 290 of the Quebec income tax return.
Limit of precious or LPP to use
 See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25300 - Net capital losses of other years
 See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
Use this keyword to indicate the amount of the capital loss to use. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25300 - Net capital losses of other years
See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
Use this keyword to indicate the amount of LLP loss to use.
Losses for precious or listed personal property (LPP) can only be carried forward for seven years before they expire. DT Max will use the oldest losses first to preserve carryforwards as much as possible. The years allow you to know the dates of reference. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25300 - Net capital losses of other years
See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
Use the keyword Amount.ncl to enter the deductible capital losses to carry forward for each specified period. Use [Alt-J] to enter different values for other jurisdictions.
Use Amount.lpp to enter the capital losses to carry forward for each period above as relevant.
The following options are applicable for the keyword Amount.lpp.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25300 - Net capital losses of other years
See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
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Amount.clc 