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Deductions & credits
In your case you don't need to use any of your capital loss carryover amount to reduce otherwise taxable income to an amount where any of it is not taxable, so you will be able to carryforward the unused loss to next year. You would need to file a tax return in 2023 to show how the loss carryover is unaffected by your current year income.
Since your negative income is not caused by business losses, you cannot generate a net operating loss which would be the only way you could carry forward a non-capital loss. So, your losses in 2023 cannot be deducted in 2024.
Based on the facts you enumerated here, your capital loss carryforward would be the same amount in 2024 as it was for 2023.
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March 18, 2024
5:19 PM