I have completed schedule 3 but not getting the capital gains credit.
If you are reporting the sale of Qualified Small Business Corporation Shares, you must specify the type of shares in Turbotax in order for it to properly post.
To report this in TurboTax Online, you will need to first report the Capital Gain in your Total Income, then the Capital Gains Deduction will be deducted before your Taxable Income is calculated.
Do so by going to:
Now 50% of your Proceeds of Disposition - ACB - Outlays & Expenses will post to Line 127, then be deducted on Line 254.
can you confirm it's possible to claim this exemption via the online software not just download or cd.
also
the reply tells me how to enter the capital gain but not how to enter that I qualify for the exemption.
Ryan113
New Member
jmurray329-gmail
New Member
amandaclarketaxe
New Member
Anonymous
Not applicable
bill-eckford-inv
New Member
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