Where do I show taxable capital gain from a negative ACB due to return of capital?

HeMange · ‎October 31, 2019

My T3 shows a return of capital in Box 42. When I calculate the ACB, it is negative which must be reported as a capital gain. Not clear which schedule to use in Turbotax.

TonyC11 · ‎October 31, 2019

Have you disposed of the asset? If not, you can't report any loss or gain, unless it is reported on the T3.

Where do I show taxable capital gain from a negative ACB due to return of capital?

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