tricepmaster
Returning Member

TP-21.4.39-V (2024-12) Quebec form Capital Gains

Hi , I'd like to know if turbo tax plans on supporting this form.

 

Thanks

Filing

This form is supported in the TurboTax Online and Desktop versions.

 

Thank you for choosing TurboTax. 

Filing

How to acces this form on the TurboTax Online? I only see capital gains questions but I only own cryptoassets, so there's no gains or losses to declare.

Filing

@eltonealmeida In the TurboTax Online version, here are the instructions for completing the TP-21.4.39 form:

 

  • From 2024 tax returns (left-hand menu) // go to Tax Profile // Mandatory questions
  • To the question Did you own, acquire, or dispose of (sell, transfer, exchange, give) any cryptoassets in 2024? – answer YES // Did you own cryptoassets at the end of the tax year?- answer YES or NO // Continue
  • In Tax Profile // Your tax profile – 1st page - Did you have any of these types of income? // Select Investment income // 2nd page - Check I sold stocks, bonds, mutual funds, cryptocurrency or virtual currency, or other assets (capital gains (or losses)) // Continue
  • In Income // Select Capital gains and capital gains deduction // Check I sold shares, cryptocurrency (under the name of the person) // Continue
  • Click on Enter new disposition // Enter info // Repeat for each crypto asset // Continue

 

Once you've completed these steps and your return, you can save the PDF of your return and view the TP-21.4-39 form. You'll notice that the software is sorted by each type of cryptoasset - part 4 (as on the Revenu Québec form).

 

Thank you for choosing TurboTax.