Just called Intuit and they agreed to look into it. Basically, what I described to them is as follows:
- one must have some capital gains (TP-1 #139)
- one should have any positive amount of taxable capital gain deduction on line #292, which comes from #75 of TP-726.20.2-V
This blocks QC NETFILE. Since it prevents QC NETFILE, then the condition is 100% in TT software itself.
This situation would usually happen to anyone receiving T-5013/RL-15 at least for the years 2024 and 2023. 2024 one(s) would usually give the taxable capital gain deduction for Quebec (line #62 if I recall, explorations in Quebec). 2023 ones and before would usually have the capital gains realized by the partnerships + line #45 with the amount of capital gain eligible for deduction. So, in the simplest case, the capital gains and the QC-specific deductions come from these forms. Of course, if the total capital gains (for all investments) are negative (loss), then all this does not apply, because all capital gains total together.
Now, about not using TP-726.20.2-V...I need to file the paper adjustment anyway, because there are capital gains from the resource property that are not reflected in RL-15. These mutual funds you get when the LPs roll over. There you usually have some capital gain. There is no way to enter these in TT because it requires multiple TP-726.20.2-V's - as it says in the first paragraph of that form. Intuit developers cannot read, unfortunately.
I can see this bug for both me and my wife's returns, so it is not exceptional. I believe that any QC investor using TT will have this problem and, considering that RL-15s are made available in the end of March, quite possible this long weekend some people will swear a lot 😉 Or their accountants.
What is your experience with another software? Does it support these forms well?
Thanks to TT, I now know this part way too good for someone who is not an accountant at all ;(
