Allowable business investment loss (ABIL)

Entering this Amount (from Forms):

Entering Business investment loss (line 21700)

Complete the Allowable Business Investment Loss Worksheet (ABIL) to determine your ABIL and, if applicable, your business investment loss reduction.

To open this form, double-click on line 21700 or 21699 of your T1 General.
Enter your prior year business investment losses on Line A as indicated.
Enter your business investment loss from T5013 slips in the in the T-Slips entry screen.
Using the T-slips entry screen.
Enter other current year business investment loss information on the Allowable Business Investment Loss Worksheet.
Enter your prior year capital gains deductions on Form T657 (E) - Calculation of Capital Gains Deduction.
This information flows to Chart 1. Any capital gains deductions that you claimed in prior years may reduce your allowable business investment loss.

TurboTax enters your gross business investment loss on line 21699 and your allowable business investment loss on line 21700 of your T1 General.

Entering this Amount (from Interview):

Entering business investment loss (interview)

Enter this information in the Deductions section of the Interview, under Losses.

TurboTax enters your gross loss on line 21699 and your allowable business investment loss on line 21700 of your T1 General.