topic Re: T3 - Capital Gain in Troubleshooting

T3 - Capital Gain

AdaNg — Thu, 27 Mar 2025 23:38:19 GMT

I entered the T3 as provided and got the below error:

"The sum of capital gains before June 25 in box 52, and capital gains after June 24 in box 53, must equal the total capital gains in box 21. Review and adjust your entries."

I do not know how to fix it

Re: T3 - Capital Gain

Newcastle1 — Fri, 28 Mar 2025 12:51:58 GMT

I have the same message. 'Apparently' they are fixing it, but it is taking too long.

Re: T3 - Capital Gain

TurboTax_Susan — Fri, 28 Mar 2025 22:00:06 GMT

Please re-enter the amounts on box 52 & 53. If that doesn't solve the problem, enter the sum of 52 & 53 into box 53 and delete the amount in box 52. The new capital gains rate is not going into effect this year, so both boxes are taxed at the same one-half (50%) rate.

Re: T3 - Capital Gain

Newcastle1 — Fri, 28 Mar 2025 23:14:21 GMT

The 'work around' works... However, I just want to make sure the CRA doesn't flag my return for this reason., so hopefully an update will fix this soon. I just checked though and it appears to be fixed.

Re: T3 - Capital Gain

nerdboyjoe — Sat, 29 Mar 2025 00:00:12 GMT

@Newcastle1 "I just checked though and it appears to be fixed". Are you sure? I've checked about 50 times today and there are no updates, at least not to the desktop version.

Re: T3 - Capital Gain

Newcastle1 — Sat, 29 Mar 2025 00:06:17 GMT

I have the online version, but I will check again

Re: T3 - Capital Gain

Tamacat — Sat, 29 Mar 2025 00:20:40 GMT

Newcastle1

I have online version too.

Please let us know if you could successfully NETFILE.

Thank you.

Re: T3 - Capital Gain

nerdboyjoe — Sat, 29 Mar 2025 00:21:28 GMT

@Newcastle1 My About Box says Version 00.01.61 Build 6004 068G24. It does not fix the spousal splitting of capital gains.

Re: T3 - Capital Gain

AdaNg — Sat, 29 Mar 2025 01:39:46 GMT

Should I made up the number for box 52 & 53 as my T3 slip does not have values on these boxes?

Re: T3 - Capital Gain

Zibonesti — Sun, 30 Mar 2025 12:22:25 GMT

Good morning,

What is the estimated timeline for getting this problem fixed?

Thanks.

Re: T3 - Capital Gain

TurboTaxAniqua — Sun, 30 Mar 2025 13:28:15 GMT

@AdaNg Since the information will be inaccurate, we will not recommend making them up and adding them. We recommend that you wait. We are aware of this issue, and our development team is working on a resolution.

Re: T3 - Capital Gain

TurboTaxAniqua — Sun, 30 Mar 2025 13:29:05 GMT

@aalaily .We are hoping this can be resolved quickly. Once it is resolved, we will update you in this thread. We appreciate your patience. We are aware of this issue, and our development team is working on a resolution.

Re: T3 - Capital Gain

nerdboyjoe — Sun, 30 Mar 2025 14:18:53 GMT

@Zibonesti many have asked for an estimate but TurboTax keeps saying they have no estimate

Re: T3 - Capital Gain

Garoto — Sun, 30 Mar 2025 15:59:18 GMT

The problem is not fixed on the desktop version. The work around does not work.

When will it be fixed.

Re: T3 - Capital Gain

Zibonesti — Mon, 31 Mar 2025 00:55:37 GMT

@TurboTaxAniqua , thanks for letting us know.

In all my years of using TurboTax, dating back to 2004, I've never experienced this kind of software error. What I find even more perplexing is that the development team is unable to provide an estimate to getting this problem fixed. The T3 slip is not new and the proposed Government changes do not impact how the boxes should behave (e.g.: my T3 slip has an amount in box 21 but no amount in boxes 52 or 53, no different than last year).

Hopefully, you can speak to the person responsible for development and get us an estimated timeline.

Thanks.

Re: T3 - Capital Gain

nerdboyjoe — Mon, 31 Mar 2025 01:01:58 GMT

@Zibonesti totally agree. I have used this product (under various product names) for 30 years. I’ve also been a developer of accounting and financial software for 30 years. If they can’t give an estimate on a release date, then they have absolutely no idea what they are doing.

Re: T3 - Capital Gain

Zibonesti — Mon, 31 Mar 2025 01:02:31 GMT

@Garoto, if it helps, one way to get TurboTax to accept your slip is to put whatever amount you see in box 21 in box 52 or box 53.

Based on the descriptions from the T3 slip, Box 52 and Box 53 are simply separating your capital gains (Box 21) into those realized before and after June 24, 2024. This likely relates to a tax rule change or reporting requirement.

Example:
If your T3 shows that you have $500 in box 21, you would also put that amount in box 52; thus indicating that $500 in capital gains were realized before June 24, 2024.

Re: T3 - Capital Gain

Zibonesti — Mon, 31 Mar 2025 01:04:57 GMT

@nerdboyjoe ... scary thought indeed! 😱

Re: T3 - Capital Gain

Simon90 — Mon, 31 Mar 2025 03:55:14 GMT

I can confirm the splitting of capital gain is NOT WORKING. Turbotax totally ignores the value of the splitting percentage. Is there going to be a fix ? Has anyone found a workaround?

Re: T3 - Capital Gain

TurboTaxAniqua — Mon, 31 Mar 2025 15:14:08 GMT

@nerdboyjoe Thanks for the feedback. We are aware of this issue, and our development team is working on a resolution.

We are hoping to get this resolved quickly. You have been added to the email list and will receive an email once it is resolved. We appreciate your patience.