Hi cant seem to get through the capital gains section.
I have say 25k Total capital gains this year, and as the shares were over 12 months old that entitles me to 50% discount which is net capital gains of 12.5k
Then I need to deduct carry over losses from last year of say 50k.
So that should leave me with a no capital gains to pay this year, and 37.5k carry over.
However If I put these values in I get
The 'Total net capital gain' on the Capital gains tax schedule must equal the 'Net capital gain' amount above the schedule.
The only way I have managed to get it error free is by claiming the losses as "Collectables" rather than the real estate sale entered last year
Any help greatly appreciated.
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540 views
4 replies