topic There is no consistency in the Capital Gains section for what the Adjusted Cost Base needs to be (whether per share or total ACB). in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/there-is-no-consistency-in-the-capital-gains-section-for-what-the-adjusted-cost-base-needs-to-be/01/914688#M3090 Sometimes it needs the ACB per share to function properly - other times it needs the total ACB. Please fix this.<BR /><BR />I enter in my ACB per share and it says I have a gain of 24,000+, but when I enter the total ACB it works fine as it should - for a gain of roughly $3,800.<BR /><BR />75,500 shares at an ACB per share of .28 with proceeds of $24.955 - gives a capital gain of $3857.28<BR /><BR />The system tells me I have a gain of $24,000+<BR /><BR />If I put $21,087.73 into the ACB - it works fine.<BR /><BR /><BR />Yet this isn't the case for the rest of the entries - some it flips and won't work properly if it's the per share and I'm forced to use the total instead. What the heck is going on. Wed, 30 Oct 2019 17:14:16 GMT forumrox 2019-10-30T17:14:16Z There is no consistency in the Capital Gains section for what the Adjusted Cost Base needs to be (whether per share or total ACB). https://turbotax.community.intuit.ca/community/investments-rentals/discussion/there-is-no-consistency-in-the-capital-gains-section-for-what-the-adjusted-cost-base-needs-to-be/01/914688#M3090 Sometimes it needs the ACB per share to function properly - other times it needs the total ACB. Please fix this.<BR /><BR />I enter in my ACB per share and it says I have a gain of 24,000+, but when I enter the total ACB it works fine as it should - for a gain of roughly $3,800.<BR /><BR />75,500 shares at an ACB per share of .28 with proceeds of $24.955 - gives a capital gain of $3857.28<BR /><BR />The system tells me I have a gain of $24,000+<BR /><BR />If I put $21,087.73 into the ACB - it works fine.<BR /><BR /><BR />Yet this isn't the case for the rest of the entries - some it flips and won't work properly if it's the per share and I'm forced to use the total instead. What the heck is going on. Wed, 30 Oct 2019 17:14:16 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/there-is-no-consistency-in-the-capital-gains-section-for-what-the-adjusted-cost-base-needs-to-be/01/914688#M3090 forumrox 2019-10-30T17:14:16Z Found the answer ****For Turbo Tax software to figure out... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/found-the-answer-for-turbo-tax-software-to-figure-out/01/914689#M3091 Found the answer&nbsp;****For Turbo Tax software to figure out capital gains, the entry into the ACB box is the ACB per share times the number of shares sold. So previous ACB per share * current number sold.<DIV> <BR /> </DIV><DIV>Would be nice if it said that.</DIV> Wed, 30 Oct 2019 17:14:17 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/found-the-answer-for-turbo-tax-software-to-figure-out/01/914689#M3091 forumrox 2019-10-30T17:14:17Z
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topic There is no consistency in the Capital Gains section for what the Adjusted Cost Base needs to be (whether per share or total ACB). in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/there-is-no-consistency-in-the-capital-gains-section-for-what-the-adjusted-cost-base-needs-to-be/01/914688#M3090
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Sometimes it needs the ACB per share to function properly - other times it needs the total ACB. Please fix this.<BR /><BR />I enter in my ACB per share and it says I have a gain of 24,000+, but when I enter the total ACB it works fine as it should - for a gain of roughly $3,800.<BR /><BR />75,500 shares at an ACB per share of .28 with proceeds of $24.955 - gives a capital gain of $3857.28<BR /><BR />The system tells me I have a gain of $24,000+<BR /><BR />If I put $21,087.73 into the ACB - it works fine.<BR /><BR /><BR />Yet this isn't the case for the rest of the entries - some it flips and won't work properly if it's the per share and I'm forced to use the total instead. What the heck is going on.
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<dc:creator>forumrox</dc:creator>
<dc:date>2019-10-30T17:14:16Z</dc:date>
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There is no consistency in the Capital Gains section for what the Adjusted Cost Base needs to be (whether per share or total ACB).
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/there-is-no-consistency-in-the-capital-gains-section-for-what-the-adjusted-cost-base-needs-to-be/01/914688#M3090
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Sometimes it needs the ACB per share to function properly - other times it needs the total ACB. Please fix this.<BR /><BR />I enter in my ACB per share and it says I have a gain of 24,000+, but when I enter the total ACB it works fine as it should - for a gain of roughly $3,800.<BR /><BR />75,500 shares at an ACB per share of .28 with proceeds of $24.955 - gives a capital gain of $3857.28<BR /><BR />The system tells me I have a gain of $24,000+<BR /><BR />If I put $21,087.73 into the ACB - it works fine.<BR /><BR /><BR />Yet this isn't the case for the rest of the entries - some it flips and won't work properly if it's the per share and I'm forced to use the total instead. What the heck is going on.
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<pubDate>Wed, 30 Oct 2019 17:14:16 GMT</pubDate>
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Found the answer ****For Turbo Tax software to figure out...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/found-the-answer-for-turbo-tax-software-to-figure-out/01/914689#M3091
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<description>
Found the answer&nbsp;****For Turbo Tax software to figure out capital gains, the entry into the ACB box is the ACB per share times the number of shares sold. So previous ACB per share * current number sold.<DIV> <BR /> </DIV><DIV>Would be nice if it said that.</DIV>
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