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Donna8
New Member

I reported sale of publicly traded shares in the capital gains section and the full amount of my capital gain is included as income. Shouldn't it be 50% of the gain?

 
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I reported sale of publicly traded shares in the capital gains section and the full amount of my capital gain is included as income. Shouldn't it be 50% of the gain?

You're right only half that capital gain is taxable, and when you look at the Detailed Tax Summary, you should only see 50% of your entry on Line 127. 

You might want to give our Support Team a call and they can actually have a look at your return to see why this is happening. Please follow the instructions below to reach an agent who can assist you with this.

https://turbotax.community.intuit.ca/replies/3152013

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I reported sale of publicly traded shares in the capital gains section and the full amount of my capital gain is included as income. Shouldn't it be 50% of the gain?

Did you use the CRA AutoFill service to import your tax information? If "Yes", was their any T5008 slips imported?
Donna8
New Member

I reported sale of publicly traded shares in the capital gains section and the full amount of my capital gain is included as income. Shouldn't it be 50% of the gain?

Yes, I use AutoFill but the disposition was not on any tax slips so no information would have been imported.  I entered the information in the capital gains section with proceeds and ACB (there were no costs).  The system added the whole amount of the gain to income.  I thought only half of the capital gain is taxable.

I reported sale of publicly traded shares in the capital gains section and the full amount of my capital gain is included as income. Shouldn't it be 50% of the gain?

You're right only half that capital gain is taxable, and when you look at the Detailed Tax Summary, you should only see 50% of your entry on Line 127. 

You might want to give our Support Team a call and they can actually have a look at your return to see why this is happening. Please follow the instructions below to reach an agent who can assist you with this.

https://turbotax.community.intuit.ca/replies/3152013