cpolowek
New Member

Why does the capital gains inclusion rate for 2000 field keep defaulting to 50.00?

 

Getting started

Thank you for choosing TurboTax,

As per CRA, generally, the inclusion rate for 2020 is ½. This means that you multiply your capital gain for the year by this rate to determine your taxable capital gain. Similarly, you multiply your capital loss for the year by ½ to determine your allowable capital loss. The inclusion rate has changed over the years. For prior year rates, see Inclusion rates for previous years.

 

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B4U2
Returning Member

Getting started

I don't know why my rate defaults to 0.0000

Since there is no units provided in the input screen, should I over ride the input with "50", or "0.5" to give me the 50%?