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T3/Schedule 3 Capital gains
When reporting capital gains on a t3 slip and allocating 50% to spouse- the allocation is not made on Schedule 3 and 100% is reported.
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Troubleshooting
Yes. I've written about this and other related errors (T3 capital gains and prorations) multiple times.
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Troubleshooting
The issue is being looked into.
As a workaround, you can enter the T3 on both spouse's return, but manually calculate the split and set the "Your Percentage" value to 100% for each. The "Your Percentage" value just tell TurboTax to do the split, it's not transmitted to the CRA.
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Troubleshooting
Yes ... rather obvious ... too many slips to deal with individual return manual calculations which is a primary reason I bought TurboTax in the first place.
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Troubleshooting
I phoned to report the same glitch - I am still waiting for an email re their customer service. Very poor service this year.
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Troubleshooting
Unfortunately, the "help desk" believe this issue relates to the Schedule 3 CRA issues- which we clearly now know is not the situation since the Schedule has now been approved by CRA. I've also asked for a call back- but no luck. I've asked for a timeline re the fix- which should be simple (the T3/Sched 3 input forms worked last year).
I can only imagine how many returns are being filed by taxpayers who believe the allocation between spouses is being done incorrectly-
Yes the aggravation is incorrect statements by the "help desk" and no clarity on a timeline.
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Troubleshooting
Exactly. If TurboTax thinks customers are upset now, just wait til these people figure out that the software they thought they bought is significantly flawed and it's costing them a lot of money. And others will probably never figure it out. What shame. Spend $40 and lose thousands. Not a great value proposition.