Yes, TurboTax takes care of T1170.
When you enter the information under Income > Investments > Capital Gains, there is a field for you to enter the eligible amount of gift.
See attached.
Yes, TurboTax takes care of T1170.
When you enter the information under Income > Investments > Capital Gains, there is a field for you to enter the eligible amount of gift.
See attached.
I entered the full fair value of the shares in the T1170 eligible box, as this is the amount eligible for 0% tax inclusion rate. Turbotax did not reduce my taxable capital gains by the appropriate amount. How do I do it managed the transaction properly before filing my return. At this point it is overstating my table income.
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