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Returning Member
posted Jan 23, 2025 7:51:17 AM

2024 Capital losses

After recording information in the T5008 and RL18 tax slips, the capital losses from June 25, 2024 to December 31, 2024 are not being captured in the Quebec schedule G. This is happening with the TurboTax 20 product.

0 9 886
9 Replies
Moderator
Jan 23, 2025 10:33:20 AM

Please make sure that on the T5008 you have put in a percentage at the top of the form.

 

Also make sure that you've updated TurboTax, as a new update has just been released.

 

 

Returning Member
Jan 25, 2025 7:24:55 AM

Hi,

The recommended solutions to put percentages and ensuring latest TurboTax update were both done prior to my post. The software for TurboTax 20 Returns is NOT capturing the capital losses of shares sold between June 25 to December 31, 2025 within the Quebec tax return. All data was entered correctly in the T5008 slip. Please advise. Thanks.

Moderator
Jan 25, 2025 8:18:29 AM

According to Revenu Quebec, Schedule G will be available on January 31, 2025. This may be the reason why you don't see the T5008/RL 18 info in your Schedule G. You can consult this information on this link.

We suggest you to make sure all your Releves for your Quebec return are properly entered and, as soon as Revenu Quebec send us the finalized Schedule, TurboTax will be updated.

If after January 31st the issue persist and your software is updated, we suggest you to contact Product support team and report it. They will be able to screenshare with you and investigate, if needed.

Thank you for choosing TurboTax.

Returning Member
Feb 4, 2025 6:20:02 AM

Hi,

You had indicated that Revenu Quebec, Schedule G will be available on January 31, 2025. As of today February 4, 2025 no update is available. Any news? Thanks.

Moderator
Feb 4, 2025 7:45:10 AM

With the updated changes that the government made with the Capital Gains, Revenue Canada now shows that Schedule G—Capital Gains and Losses (available soon). Here is the link, if you'd like to check when it will be available.

 

Thank you for choosing TurboTax.

Returning Member
Feb 14, 2025 9:16:34 AM

Hi,

Looks like Revenue Quebec Schedule G is updated, however, the software (TurboTax 20) is stiil having the same issue and no update is available at this time. When will this be corrected? Thank you.

Moderator
Feb 14, 2025 10:43:19 AM

@giammam Our development team is still working on fixing issues with Schedule G and other related forms ASAP. 

 

Thank you for your patience.

 

 

Returning Member
Feb 20, 2025 12:41:16 PM

Does today's software update include fixes to Quebec schedule G? The issue is still unresolved. Capital losses recorded after June 24th are not being captured in schedule G. Thank you.

Moderator
Feb 20, 2025 1:53:27 PM

@giammam No, Quebec schedule G still being worked on. You can see a list of forms that are still in development here: https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/tax-return/turbotax-say-forms-locked-finalized/L9h4thZZJ_CA_en_CA

 

We appreciate your patience.