The Capital Gains Deduction Form (T657 Form) can be found on TurboTax online by:
- Log into TurboTax and open your return. At the top of the page, select the "Find" icon.
- In the search bar that appears, type in "Capital Gains" and select Capital Gains and Capital Gains Deduction Profile. Press Go.
- Your Capital Gains Profile for 2021 page will appear. Select the box beside Claim Capital Gains Deduction on sale of Qualified Farming property, Fishing property, or Qualified Small Business Shares and press Continue.
- Once you are on the Capital Gains page, enter the appropriate information and press Continue to save your work.
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