topic Re: T3 Error - The Handling Capital Gains Split Between Spouses in Troubleshooting

T3 Error - The Handling Capital Gains Split Between Spouses

jsteenson — Fri, 28 Mar 2025 12:07:06 GMT

I recently received aT3 with a Capital Gain of $200 in Box 21 and $600 of Other Income in Box 26. The Box 52/53 capital gain split was $150 and $50. This T3 is a joint account and so I set my % to 50% for me and 50% for my spouse. When I updated the T3 input form under my name, my taxable capital gains increased by $100 while my spouse's taxable capital gain remained unchanged. The Other Income was split 50/50 on our individual tax returns which is correct. The taxable capital gains should have increased by $50 on both returns not $100 on my return. So something is not right and I suspect the 50% is not being applied to the entries in Boxes 52 and 53.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

TurboTax_Susan — Sat, 29 Mar 2025 00:43:14 GMT

If you are using TurboTax Online, this issue should be resolved. T3 slips should split between spouses now.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

nerdboyjoe — Sat, 29 Mar 2025 00:45:57 GMT

@TurboTax_Susan Sadly, I'm using the desktop version. Please fix it there too.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

TurboTaxAniqua — Sat, 29 Mar 2025 19:00:19 GMT

@nerdboyjoe Our development team is working on a resolution. We are hoping this can be resolved quickly. Once it is resolved, we will update you in this thread. We appreciate your patience.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

jmhowe — Sun, 30 Mar 2025 06:48:33 GMT

I have been struggling with this exact same issue for hours. The dividend amounts on the T3 split correctly, but the capital gains amounts in box 21, 52 and 53 do not split. So glad I found this - I've been pulling my hair out trying to figure out where the problem was for hours.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

nerdboyjoe — Sun, 30 Mar 2025 14:13:43 GMT

@jmhowe I don’t have any hair left to pull. I pulled it all out this week.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

dcp689 — Sun, 30 Mar 2025 18:34:20 GMT

I only noticed the error when I compared the comparison summary for both spouses. Didn't understand why Taxable Cap Gains were attributed to one spouse only, even though I specified a split in the T3 data entry. I had to work backwards then make individual T3 entries for each spouse, with manual calculation for all T3 boxes based on % distribution for each spouse. Boxes 52 and 53 don't appear to be linked to the split percentages.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

nerdboyjoe — Sun, 30 Mar 2025 18:42:35 GMT

@dcp689 yup, same here. What a pain this is.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

TurboTaxAniqua — Sun, 30 Mar 2025 21:24:02 GMT

We can understand your frustration but we want to assure you that our development team is working on a resolution. Once it is resolved, we will update you in this thread. We appreciate your patience.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

Oak22 — Sun, 30 Mar 2025 21:31:21 GMT

Would like to know if the desktop version of the Turbotax will be updated with the correction to T3 CG splitting between spouses. I am ready to file but have just realized the serious error. Need help ASAP…

Re: T3 Error - The Handling Capital Gains Split Between Spouses

nerdboyjoe — Sun, 30 Mar 2025 21:41:24 GMT

@Oak22 they keep saying that a fix is coming, but they’ve been saying that for at least of couple of weeks now and they refuse to give even a rough estimate of a release date. This is terrible.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

dcp689 — Sun, 30 Mar 2025 21:46:05 GMT

I used a manual work around. Did separate entry for each spouse after manually calculating the amount attributable to each spouse.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

Simon90 — Mon, 31 Mar 2025 06:03:20 GMT

Please keep me in the loop. I am encountering the same problem and pulled my hair all day to finally figure out this is the reason. Very surprised Turbotax released a version with a serious bug like this.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

jsteenson — Mon, 31 Mar 2025 12:30:05 GMT

I'm using Turbotax - Standard - download only (no CD). This is the version that needs a correction to the T3 capital gain split between spouses to allocate the correct amount of taxable capital gains to each return.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

sandthorp — Mon, 31 Mar 2025 12:45:37 GMT

While we wait for the desktop version to be fixed, just create 2 T3 entries, one for each person, each at 100% split and halve the numbers in the boxes. This gave me the correct result for the tax return.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

Gerald Morgan — Mon, 31 Mar 2025 13:02:07 GMT

How do I fix the error message re box 21 does not equal box 52 and box 53.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

GSC3 — Mon, 31 Mar 2025 13:28:57 GMT

Is there an update as to when this will be fixed !

Re: T3 Error - The Handling Capital Gains Split Between Spouses

Gerry16 — Mon, 31 Mar 2025 13:44:57 GMT

I have the same issue but I missed it when filing our returns. We had a T3 that was to be split 50/50. My spouses tax return was processed with CRA without issue but it had an unnoticed error (no capital gains were carried forward in error from the T3 when there should have been 50%).

My tax return was not processed and came back with a CRA error message code #95365. So I called CRA and when we did a walk through it was then I noticed my spouse did not record a capital gain (all other boxes on the T3 were split 50/50 correctly (interest, other income - except the capital gains!!!)).

So, now I have to force the figures for me to claim 100%? It is a small amount but how do I ensure I entered all the boxes properly. THANKS TURBO TAX!

Re: T3 Error - The Handling Capital Gains Split Between Spouses

dcp689 — Mon, 31 Mar 2025 13:59:37 GMT

I made two entries, one for each spouse, with the appropriate % of each Box on the T3 attributed to each spouse. This required manual calculation for each Box, but produced the correct results.

Re: T3 Error - The Handling Capital Gains Split Between Spouses

Gerry16 — Mon, 31 Mar 2025 14:30:32 GMT

So, I tried creating a new T3 entering the 50% capital gains missed on my spouses return hoping that it would process now that the capital gains on both returns equal the T3 and received the error message Code 95365.

Now, I think I have to print the return and mail it in with all the required forms.