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    AnnTh
    Level 1

    capital gain deduction for qualified farm property

    I entered a qualified farm property sale resulting in a capital gain on Schedule 3.

    The program is not calculating the capital gain deduction. Any ideas why T657 is not calculating the capital gain deduction?

    posted
    ‎February 2, 2025 11:56 AM
    last updated ‎February 02, 2025 11:56 AM
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    TurboTaxVeronique
    Moderator
    Moderator

    capital gain deduction for qualified farm property

    Issue with Schedule 3 and some other forms linked to it has been reported. At this time, some CRA forms are still being reviewed by them for the 2024 tax season, which could explain why some calculations are not done correctly or do not appear. As soon as they are ready and received, TurboTax will be updated.

     

    Thank you for your patience.

    ‎February 2, 2025 12:05 PM
    2,122
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