Chart 4 – Applying net capital losses of other years to 2024
Complete this chart to determine your net capital losses of other years that you can apply to 2024 if:
- You do not have a balance of unapplied net capital losses from before May 23, 1985
- Your 2023 notice of assessment or notice of reassessment shows that you have unapplied net capital losses of other years, a 2023 net capital loss, or both
Otherwise, complete Chart 5.
Line 25300 – Net capital loss of other years
Total unapplied net capital losses available from before 2023
(from your 2023 notice of assessment or reassessment)
Blank space to input proceeds of disposition
Blank space to input amount
Your 2023 net capital loss (from your 2023 notice of assessment or reassessment)
+ Plus
Line 1 plus line 2
= Equals
Line 3
Your 2024 taxable capital gains from line 12700 of your 2024 return
Blank space to input Amont A
Blank space to input Amount A above
Blank space to input amount
Line 4
Enter whichever is less: the amount from line 3 or line 4.
Blank space to input amount
Enter the amount of losses you want to claimFootnote 8 .
Enter this amount on line 25300 of your 2024 return.
− Minus
Line 6
Balance of unapplied net capital losses of other years not used to reduce taxable capital gains and available to carry forward to future years: line 3 minus line 6
= Equals
Line 7
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