Level 1

Question

Capital gain continuity schedule

Forum|Forum|5 years ago
December 9, 2020
2 replies
9 views

I'm doing a T2 corporate tax year end and looking to carry back capital losses, it's been a number of years since I've last used Profile, but I believe there used to be a capital gain continuity schedule that showed what years had gains. Is there a capital gain continuity schedule in profile?

ProFile (Canada)

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Level 8

Hi, thank you for using Intuit ProFile Community

There has not been a Capital loss continuity for a number of years: Capital losses from the prior year are entered on line 200 of schedule 4.

S4sup is used for Non-capital loss continuity and is available for current year returns as usual

Hope this helps

Level 2

what about historical gains by year so I know what amounts from current year loss can be applied to the prior 3 years?

Level 2

capital gains from prior three years in T2 so I know what years and amounts to apply current year losses

Level 8

Hi, thank you for using Intuit ProFile Community

ProFile does not record capital gains from previous years in the current year file. The actual return for the year(s) need to be accessed.

I apologize for the inconvenience but hope this helps