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posted May 17, 2025 7:52:50 AM

Capital Gains on T3

Hi - I received an updated T3 which was missed by the company (I already netfiled on April 28 with all of the latest patches to TurboTax at that time).  When I enter the capital gain on the T3 into Box21. it is not showing up anywhere and it is not changing any of my taxable income or amounts that I owe.  I changed the capital gains amount to $50,000 to see if it did anything but still no change.  Is there still a bug with this or does box 21 on the T3 not impact my return?

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Moderator
May 20, 2025 8:18:59 AM

Do you have anything entered in Box 52 or Box 53? If not, you'll need to enter whatever is in Box 21 into either Box 52 or Box 53.

 

The new capital gains rate is not going into effect this year, so both boxes are taxed at the same one-half (50%) rate, but they still need to be filled in.