Unable to Claim the Lifetime Capital Gains Exemption on Software

[BWHolden]

I sold QSBC shares (I am a tax lawyer, and am certain that the disposition qualifies); however, I cannot seem to claim the deduction using the turbotax software. I entered the capital gain, and then the software sets the maximum LCGE deduction at $0.00. I have never claimed the LCGE or an ABIL, and I have held these shares for over two years. The assets of the corporation also satisfy the small business corporation test. 

Any insight or thoughts would be greatly appreciated. 

[BWHolden]

It still isn't working - please advise. 

[TurboTaxSusan]

Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.

[Lifetime exemption]

Did you have it figured out? Would love to know as I’m on the same boat, online software does NOT deduct the exemptions! Thanks and looking forward for your answer 🙂

[TurboTaxGinette]

Please see the TurboTax FAQ for guidance: Claiming the Lifetime Capital Gains Exemption (LCGE)

If you still need directions, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help you. To contact them, please follow this link: Contact Us. 

​​​​​​​Thank you for choosing TurboTax.