I’m preparing the tax for me & my spouse together (as per Turbo Tax recommendation). How can I apply/copy same Schedule 3 (S3) & its Supplement (S3S) to the spouse in the case of a joint investment account? Do I have to manually reenter the lines separately? We have a few hundred lines => what would you recommend in this case? (It’s acceptable to enter them once but it is a big time loss if I have to do it twice)
I see you are using the desktop version of Turbotax.
Go to the Forms method.
Go to the Schedule 3 and enter Half of the gains on one person's return.
Click edit at the top toolbar > forms> copy/transfer current form
This will copy all the info to the other spouse's return.
I see you are using the desktop version of Turbotax.
Go to the Forms method.
Go to the Schedule 3 and enter Half of the gains on one person's return.
Click edit at the top toolbar > forms> copy/transfer current form
This will copy all the info to the other spouse's return.
The number of our joint capital gains/losses transactions is over 300 and that doesn't fit onto the provided Schedule 3 & Schedule 3 Supplement forms. Can I:
• create an Excel file with similar format as the Schedule 3 that lists all the transactions & calculates the total for the ‘Proceeds of Disposition’ & ‘Adjusted Cost Base’ fields.
• enter the total values on the TurboTax provided Schedule 3 & specify that the detailed info is provided in an attached file,
• attach/load the Excel file to the TurboTax for the purpose of filing it through Netfile.