How do I enter my carry-forward amounts on form CFP?

Otherwise, you must manually enter your carry forward amounts on Form CFP: This takes you out of the Interview. We'll show you how to get back later. Open Form CFP (Carry Forward). Enter all of your carry-forward information. TurboTax automatically transfers the amounts you enter to the correct forms and schedules.

What is a 'carry forward' amount on a tax return?

Other "carry forward" amounts are cumulative figures, such as your cumulative net investment loss balance. Some prior year amounts are entered on other forms: Enter any capital gains deductions from prior years on Form T657. Enter losses from previous years on Form LOSS. If you had to pay minimum tax in a prior year, enter it on Form T691.

What is a carried forward tax credit?

Carried forward amounts must be claimed in the first year that tax is payable. Only the amounts required to reduce taxes to zero would be claimed, and any remainder would again be carried forward. There is a Federal tax credit as well as a provincial or territorial tax credit for tuition, education and textbook amounts.