WebAug 26, 2024 · If Line 199 indicates a foreign exchange gain, proceed to report that on Line 127 of your return. However, if it indicates a loss, you will attach Schedule 3 to your return. Note that you can lose money on the foreign-denominated security but gain on the foreign exchange. WebPersonal income tax Line 12700 - Taxable capital gains Calculating and reporting your capital gains and losses Note: Line 12700 was line 127 before tax year 2024. The topics …
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WebOct 30, 2024 · October 30, 2024 8:04 AM Line 127 is the amount for your taxable capital gains. If you saved a copy of your 2016 return, you can locate this entry on the first page … WebIf the result on line 199 on Schedule 3 is positive (a gain), enter the amount on line 127 of your return. If it is negative (a loss), do not claim the amount on line 127 of your return. … times the difference in math
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WebOct 30, 2024 · Line 127 is the amount for your taxable capital gains. If you saved a copy of your 2016 return, you can locate this entry on the first page of your return. If you have access to your 2016 TurboTax account, the Detailed Tax Summary page (Found in the Review section- Bottomline tax summary) will also have this info. 0 Reply WebOct 30, 2024 · Line 127 is the amount for your taxable capital gains. If you saved a copy of your 2016 return, you can locate this entry on the first page of your return. If you have … WebPersonal income tax Line 12700 – Taxable capital gains Note: Line 12700 was line 127 before tax year 2024. You may have a capital gain or capital loss when you sell or transfer capital property. Some common types of capital property include land, buildings, shares, … times the day