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RESOLVED: Under-Claim of Non Capital Loss on Line 331 of T2

In version 11.0.45329.0, TaxCycle T2 may under-claim the amount of non-capital loss on line 331 of the T2 return.

This occurs when there is an amount on Schedule 1 in the expandable rows at line 395, in the Other deductions section.

Screen capture: S1 other deductions

Workaround

To work around this issue until a fix is available:

  1. Override the non-capital loss claim on line 331 of the T2 return and
    Screen Capture: T2 line 331
  2. Adjust the Applied column on the Loss Continuity Worksheet (S4WS).
    Screen Capture: Override on the S4WS

Resolution

This issue was resolved in the latest TaxCycle update.