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I have a T3 (Statement of Trust Income and Allocations and Designations). There are only amounts in Box 26(other income) anf box 42 but no where to enter it in Turbo Tax

 
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Accepted Solutions
TaxHelp5
New Member

I have a T3 (Statement of Trust Income and Allocations and Designations). There are only amounts in Box 26(other income) anf box 42 but no where to enter it in Turbo Tax

There is a place for the T3 with those boxes in both our desktop & online product.

If you are using online: 

  1. click on Income tab at top
  2. click on T-slip
  3. check off T3 slip and continue to T3
  4. on T3 slip look for both boxes in the right side column
  5. Box 26 says: Other Income or Other Income - Interest (this is the most common)
  6. Box 42 is below that a few fields and says: Amount resulting in cost base adjustment

If you are using desktop (in EasyStep interview):

  1. click on Income & Expenses in the left hand menu
  2. click on T-slips
  3. check off T3 then continue to T3 slip
  4. Box 26 says: Other Income
  5. Box 42 is below that a few fields and says: Amount resulting in cost base adjustment

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5 Replies
TaxHelp5
New Member

I have a T3 (Statement of Trust Income and Allocations and Designations). There are only amounts in Box 26(other income) anf box 42 but no where to enter it in Turbo Tax

There is a place for the T3 with those boxes in both our desktop & online product.

If you are using online: 

  1. click on Income tab at top
  2. click on T-slip
  3. check off T3 slip and continue to T3
  4. on T3 slip look for both boxes in the right side column
  5. Box 26 says: Other Income or Other Income - Interest (this is the most common)
  6. Box 42 is below that a few fields and says: Amount resulting in cost base adjustment

If you are using desktop (in EasyStep interview):

  1. click on Income & Expenses in the left hand menu
  2. click on T-slips
  3. check off T3 then continue to T3 slip
  4. Box 26 says: Other Income
  5. Box 42 is below that a few fields and says: Amount resulting in cost base adjustment
rcpearce
New Member

I have a T3 (Statement of Trust Income and Allocations and Designations). There are only amounts in Box 26(other income) anf box 42 but no where to enter it in Turbo Tax

TurboTax 2015 Desktop has no Box 42 field on the T3 entry form.

I have a T3 (Statement of Trust Income and Allocations and Designations). There are only amounts in Box 26(other income) anf box 42 but no where to enter it in Turbo Tax

There is a box 42 in the field of T3 entry. Please go to forms mode and below you will see a tab that says slips. Click on it and fine T3 slip now you will see a box  other amount ( say other amount 42 &45) click on that box and you will have the option to fill in box 42 or box 45.
rcpearce
New Member

I have a T3 (Statement of Trust Income and Allocations and Designations). There are only amounts in Box 26(other income) anf box 42 but no where to enter it in Turbo Tax

Not displayed on my window.   The bottom of the slip entry window appears to be cut off.   No closing lines on the bottom row, and down arrow a couple of times before going to the next slip.   Looks like a slip entry display window problem.
SalimR
New Member

I have a T3 (Statement of Trust Income and Allocations and Designations). There are only amounts in Box 26(other income) anf box 42 but no where to enter it in Turbo Tax

I have a T3 with Boxes 49, 50 and 51 filled in.

There is no way to enter these into the T3 for Turbo Tax ?

Need urgent reply