T3(SUPP) error after entering T5008 slips

[Stagingtt]

I am using TT2025 Canada Desktop.

I have entered 4 T5008 slips in the program and when I look at the T3(SUPP) form the number of shares sold is 100 times higher than what i entered.  I have checked all 4 T5008 entries.  When i put in 40 shares the T3(SUPP) form shows 4000.  I don see any decimal place or anything like that.  Why is this happening?

[Stagingtt]

Typed too quickly.  Obviously I mean the S3(SUPP) form and not T3(SUPP)

[TurboTaxSusan]

The forms are still not finalized, but there will be an update released before tomorrow's NETFILE opening, so that might contain a fix for this issue.  

The number of securities isn't used in the calculation, though, at least not on the S3 (SUPP).

[Stagingtt]

Thank You.  I shall check back after the next update.  Yes, the proceeds, cost and Cap Gain figures are correct.  As long as the CRA doesn't dive deep into the number of shares and flag incorrect share prices 🙃

[Stagingtt]

The problem with the S3(SUPP) form is still there after the latest TT update.  The shares sold column is still 100 times higher than it should be.  Yes, the proceeds, cost basis and cap gain figures are correct but after dealing with the CRA’s idiosyncrasies for over 40 years I know that any noticeable change in pattern year over year is what raises the flag with them to dig deeper.  If they cross check current prices with say BCE as an example it will look as if the share price was only 36 cents instead of 36 dollars.  This could cause them to request more detail about the transactions.  While the actual capital gains are correct this reporting issue on the S3(SUPP) form should be corrected soon so that people can file knowing they won’t be flagged for a reassessment.

[TurboTaxSusan · Accepted solution]

@Stagingtt The CRA has the information about the number of shares sold directly on your T5008 slips, so if they need to cross reference, they will get the information from there.  

I will pass this issue onto the product development team. 

[Stagingtt]

Thanks for that reply.  That now makes sense to me that they will get their info from the T5008 slips and not the summary.