Can I enter jointly owned T-Slips with someone other than a spouse using the % of ownership option and then override the default spousal % to zero?

mstrong · ‎October 31, 2019

I have dozens of T-Slips regarding joint ownership of investments (T5, T3, T5013, T5008 as well as Trade Receipts, Capital Gains/Losses and Rental Income etc) with a person other than a spouse? Doing all of the % calculations manually for both of us would take hours and opens the door to mistakes. Assuming I can use the % option with the override to spouse set to zero... will TurboTax accurately divide up all carry forwards by the % indicated?

TurboTaxMonica2 · ‎October 31, 2019

Yes, that would work. Enter your percentage and override your spouse's percentage to the appropriate amount, and the software will properly propagate the amounts to the right returns.

Can I enter jointly owned T-Slips with someone other than a spouse using the % of ownership option and then override the default spousal % to zero?

After you file