Where do I show taxable capital gain from a negative ACB due to return of capital?
My T3 shows a return of capital in Box 42. When I calculate the ACB, it is negative which must be reported as a capital gain. Not clear which schedule to use in Turbotax.
01566
1 Replies
TonyC11
Level 6
Oct 31, 2019 3:15:20 AM
Have you disposed of the asset? If not, you can't report any loss or gain, unless it is reported on the T3.