From what I can see, as of March 28 2025 the update still does not correctly allocate percentages between spouses for Capital Gains. The T3's Box 52 & Box 53 in error are still being allocated 100% to only the first spouse. It seems to me that other income types, that is, interest & dividend income entered in the same T3 T-Slip entry column do allocate correctly between spouses.
My workaround was to split the T3’s data into three separate T-Slip columns. Use the “Notes” field to give the columns appropriate titles if you like. The sum of all 3 column amounts will equal what is written on the one T-slip.
- Federal Slips column 1: Enter all data as usual except for Box 21, Box 52 & Box 53 amounts. InIclude the correct % allocation between spouses
Enter all fields from the T3 except Box 21, Box 52 & Box 53, which will be left blank. Enter the “Your percentage (%)” rate. The program will correctly allocate both interest and dividend income between you and your spouse. Only the capital gains fields would calculate incorrectly. Instead of entering capital gains here, the missing amounts (3 fields) will have to be split between you and your spouse manually.
- Federal Slips – next column –title could be “CAP GAIN only- my 50% share due to Turbotax calc. error”
The next column can then be used to represent only your share of Box 21, 52 & 53. In a 50/50 split, that would be half of the amount listed in each of Boxes 21, 52 & 53. It’s kind of like a fake T-slip, but your totals will be add up to be correct.
- Column 3 on YOUR SPOUSE’s Federal Slips T-Slip entry screen.
Enter your spouse’s share only of the Capital Gains for Box 21, 52 & 53. Title could be “CAP GAIN only- spouse's 50% share due to Turbotax calc. error”
Lastly, check and admire your work! You should be able to view the difference on your Schedule 3 Line 17599 and Line 17600. Also see the Detailed Tax Summary.
Let me know if you think this is an effective workaround or perhaps I have missed something and it can be improved. I am not an accountant! Hopefully there will be an update soon.
