Unable to Claim the Lifetime Capital Gains Exemption on Software

I sold QSBC shares (I am a tax lawyer, and am certain that the disposition qualifies); however, I cannot seem to claim the deduction using the turbotax software. I entered the capital gain, and then the software sets the maximum LCGE deduction at $0.00. I have never claimed the LCGE or an ABIL, and I have held these shares for over two years. The assets of the corporation also satisfy the small business corporation test. 

 

Any insight or thoughts would be greatly appreciated. 

Investors and rental owners

It still isn't working - please advise. 

Investors and rental owners

Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.

 

Investors and rental owners

Did you have it figured out? Would love to know as I’m on the same boat, online software does NOT deduct the exemptions! Thanks and looking forward for your answer 🙂

Investors and rental owners

Please see the TurboTax FAQ for guidance: Claiming the Lifetime Capital Gains Exemption (LCGE)


If you still need directions, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help you. To contact them, please follow this link: Contact Us

​​​​​​​Thank you for choosing TurboTax.

Investors and rental owners

was this ever resolved?

Investors and rental owners

This tax year with the government changes on capital gains—these forms are locked at this time. Here is our TurboTax FAQ, which will be updated as soon as the forms are available. Why does TurboTax say my forms are locked or haven't been finalized?

 

Thank you for your patience & for choosing TurboTax

Investors and rental owners

I have the update with the forms unlocked now but TurboTax still sets the maximum I can deduct at $0.00 and will not allow me to proceed.  Has this been resolved?

Investors and rental owners

@rempsy Please see the TurboTax FAQ for guidance: Claiming the Lifetime Capital Gains Exemption (LCGE)


If you still need directions, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help you. To contact them, please follow this link: Contact Us.

 

Investors and rental owners

Were you able to resolve this? I am having the same problem.