Hi, I had no income in 2016 but I had a Capital loss of $14 000. Should I file taxe? If it is not madatory, will I be allowed to carry other my loss next time I file tax?

[rjs · Accepted solution]

Yes, you should file a tax return to establish the loss. You will be able to carry it over from year to year and use it to offset income in future years. You should continue to file a return every year until the loss is used up, even if you are not required to file in some years.