I get this warning when trying to file my taxes: On Schedule 3, indicate if you disposed of a property that was owned for less than 365 days.
Cannot find where the error is being generated. Clicked through the tax return and have NO checked for having sold any property
Is there anything on Schedule 3? Do you have any T5, T5013, T4PS, T3 or T5008 slips?
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Yes. I have a T5 in my return. From my high interest savings.
Double check that you've entered everything on the T5 slip correctly.
Also, if this message is a warning (not an error), then you can ignore it if it doesn't apply to you.
I have the same problem and I cannot summit online, it does not allow me to continue until this is fixed.
@Stan2636 If this message is a warning (not an error), then you can ignore it if it doesn't apply to you.
Go to Forms mode, Search for form Schedule 3, Scroll to the bottom there is a question that asks if you flipped say NO there and error will go away
I am getting this Error in the online version and there I don't know how to change schedule 3.
sold a property less than 365 days after buying it
@johnbillwishart What is the exact message that you are getting? Is it an error or a warning? Did you claim the property as your principal residence?
Sorry I figured out he answer, so I am not able to copy the entire error now.
Although I use the online version for it's convenience, when an error is created it is stupidly difficult to get back to the exact spot the error was made.
Please raise the issue that having no access to "Forms" in the online version disallows personal trouble shooting,
I found the error under Income / Residential Property Flipping / For any property (or right to acquire a property) you sold, did you own it for less than 365 days before selling it?
This question defaults to "yes" which is to my mind wrong.
Being lazy and using the "Robot " to ask questions leaves big gaps in my memory of where the error might have been made by ME.
Bring back access to Forms so I can see the detail.
On Schedule 3, indicate if you disposed of a property that was owned for less than 365 days.
I received the same error when NETFILING, used one of the users advice went to Schedule 3 and said No to the question if I sold the property within less than 365 days.... and the Warning went away..., I had to do it for both myself and my husband
I was concerned a lot since neither of us has any Tax slip T3 or T5
Thank you from the bottom of our heart to the user who suggested that !!!!
I received a warning while filing our taxes: "On Schedule 3, indicate if you disposed of a property that was owned for less than 365 days." However, my husband and I don’t own any property. Both of our returns were submitted with this error. My husband received his Express NOA, but I haven’t received mine. Do we need to fix the issue for both and refile, or should we wait for the CRA to review it?
@piol70 Schedule 3 is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?
We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for accurate calculations.
We appreciate your patience.
This schedule 3 issue is confusing!
The property disposal warning came up when net filing. It was blank, so I answered no.
Now I am locked out of filing due to CRA working on the form...
Shouldn't answering NO clear this hurdle?
Seems as though leaving blank is a better option.
@shotgun15 If you are using TurboTax Desktop and have a return that has no capital gains/losses, please try clearing the unneeded forms and then closing unused forms. You can find those options under Edit>Forms in the top menu.
You can see a list of Forms that still locked here: Why does TurboTax say my forms are locked or haven't been finalized?
We're working hard to finalize these forms to align ourselves with CRA requirements ASAP. We appreciate your patience.
Have cleared the form as suggested, thank you!
Still unclear whether I should re-submit though.
IMO this pop-up should not have occurred as it causes a lot of confusion.
Thanks again,
Brian
@shotgun15 Refile has been turned off until mid next week and will be back. Please note you cannot Refile until you receive a Notice of Assessment from CRA first.
Exact same thing happened to me. Did you solve the issue or just waiting to see what happens?
Turbo Tax flagged the submission, however CRA showed being received fine.
Refund came through per normal timeline.
This Schedule 3 issue is a not so minor annoyance in the end.
@chill2 We are aware of this issue, and our development team is working on a resolution. We appreciate your patience.
@TurboTaxAniqua When will this be fixed? I'm getting CRA NETFILE Warnings Review message "On Schedule 3, indicate if you disposed of a property that was owned for less than 365 days" Schedule 3 is not relevant to my return, I did not fill it out. I followed the instruction to clear/close the form and the netfile warning still persists. I have also confirmed software is up to date. please advise as I do not want to Netfile until resoloved. thank you.
@TurboTaxAniqua can you please advise of timing for resolution and/or workaround re: this? after applying the updates that were available today, April 14 the same "CRA NETFILE: Warnings Review" window with the "On Schedule 3, indicate if you disposed of a property that was owned for less than 365 days" message persists in turbo tax desktop. Schedule 3 does not apply to my return, and it is not open in forms. Note that this message (there is no error code) appears prior to the actual CRA netfile action so is this a Turbo tax bug vs. CRA issue? Please advise as it is unclear if/how the return can be netfiled with this warning. Thanks in advance
I got this same warning ... the situation did not apply to me at all as I did not sell ANY property and answering the question either yes or no implies that a property was sold. I just clicked ignore because it did not apply to me and my return was netfiled without error.
@SC2024 Please disregard the warning and proceed to Netfile the tax return if it does not apply to you.