topic Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form? in Troubleshooting

How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

jdmullin — Fri, 28 Feb 2025 15:55:25 GMT

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

TurboTax_Susan — Sat, 01 Mar 2025 00:45:18 GMT

Are you using TurboTax Desktop or TurboTax Online?

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

jdmullin — Mon, 03 Mar 2025 18:49:51 GMT

I am using TurboTax Online.

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

bcpoleclimber — Thu, 06 Mar 2025 18:37:26 GMT

I am also using Turbotax Online and am wondering how to enter a negative number (capital loss) in box 34 of T4PS.

Thanks in advance.

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

azuram — Fri, 07 Mar 2025 13:46:53 GMT

I cannot enter a negative amount in box 34. It says "Please enter a dollar value greater than or equal to 0.00 in the format of 9,999.99 or 9999.99."

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

azuram — Fri, 07 Mar 2025 13:47:37 GMT

I'm using online

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

bcpoleclimber — Fri, 07 Mar 2025 16:59:54 GMT

That's the same message I am getting as well.

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

TurboTax_Susan — Sun, 09 Mar 2025 18:47:08 GMT

I've forwarded this issue to our investigations team to have them take a look.

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

romer3 — Sun, 09 Mar 2025 20:39:26 GMT

Having the same issue

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

TurboTax_Susan — Tue, 11 Mar 2025 16:58:08 GMT

This issue should be fixed by the end of the week.

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

taxseasonmoomoo — Mon, 28 Apr 2025 02:20:30 GMT

This issue is not resolved and I'm getting the same error message!

How do we get around this????

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

TurboTax_Susan — Fri, 02 May 2025 19:43:25 GMT

@taxseasonmoomoo

Please clear your browser cache (or use a different browser) and try again. If you are still not able to resolve this issue, please contact our phone support team for more assistance.

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

KDSA — Tue, 03 Mar 2026 23:00:10 GMT

I simply put a negative sign in front of the number and it seems to have accepted it.

However, perhaps TURBOTAX can confirm this is the correct way to report the capital loss.

Thanks

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

KDSA — Tue, 03 Mar 2026 23:02:13 GMT

I entered a negative sign before the numeric value and it seems to have worked.

Please confirm if this was correct or if TURBOTAX has an alternate method to report a loss on capital gains under a profit sharing plan arrangement reported on a T4PS.

Re: How do I enter a negative number (Capital Loss) into Box 34 of a T4PS form?

TurboTax_Susan — Tue, 03 Mar 2026 23:07:00 GMT

@KDSA Yes, you just need to put a negative sign in front of the number.