Wealthsimple does better with Loss Carryback, I have a T1A in TurboTax and the capital gains inclusion rate is weird, it looks like TurboTax doubled my loss, then applied 50% bringing me back to 100% loss instead of 50%.
So far, I have more confidence in Wealthsimple
Has anyone tried using Wealthsimple to file their second (spousal) return, when they filed the first return through Turbotax?
Last week I successfully Netfiled my return (with split capital gains), but it was my spousal return that keeps getting rejected because of this software gongshow. I’m now wondering if I can file the spousal one through Wealthsimple, and be finished with Turbotax for good (after 15 years of being loyal user).
Same boat, I was thinking of calling the CRA... Wealthsimple is suggesting I link my spousal...
I have tried a lot of the fixes to no avail so today I spent 5 hours making copies of all my documents and take it to one of the drop box around the cities and I will review some of the income tax program to find out which isn the best and had no problem this year with capital gains. It is sad that after starting with Quick Tax many years ago that Turbo Tax cannot keep up with the updates. I am very disappointed.
@rhost let me save you some time and respond on Turbo Tax's behalf:
"We are aware of this issue, and our development team is working on a resolution. Currently we don't have any ETA. Once it is resolved, we will update you in this thread. We appreciate your patience."
Hmmm, I seem to have made TurboTaxAniqua redundant - maybe they can add this efficiency to the other staff reductions and redirect the funds to finally developing a solution. 🙂
So I have a bit of an update for everyone after calling Turbo Tax to ask for a refund:
I was told that a fix was applied 2 days ago (to the online version, she was unaware why people are reporting no updates to the desktop) and I should now be able to file. I informed them that this is news to everyone on this forum, including the Turbo Tax Administrator.
When I explained that my tax returns were already filed with incorrect data for my own and for my spouse using the Turbo Tax recommended work around of splitting the T3 data manually (mine was accepted by Netfile with the Capital Gains figures from the T3 incorrectly transferred to my return, and I only discovered this after my spouse's return generated the Netfile error), and that my NOA was still pending, I was told that there was nothing that they could do and to contact the CRA to adjust the return with them so that they'd issue a NOA. When I asked what Turbo Tax was going to do to compensate clients, she explained that because I didn't pay for the additional Turbo Tax review, they are not responsible and won't refund me or provide any credit for their software being buggy. She said that because I only paid for the software to help prepare the return, it was on me to check the figures and identify the faulty software. I mean WOW, what a take on this whole issue!
It truly is mind blowing logic being applied here, just a complete fail all around! A defective product has been been compounded by how they've handled it. At this point, I view the $140 spent as an investment to find out what a dumpster fire this company has become. I count myself lucky that the issue wasn't any more serious than a minor discrepancy in numbers that will eventually be rectified. What is important is that I now know to stay as far away from Intuit products as possible. Buyer beware, good luck everyone.
How does one get a refund for the TurboTax software when it was purchased online directly from TurboTax? (Downlaod version)
100% correct.
Here's my workaround for my 'Error 95365' blocked spousal return - change the T3 capital gains portion to 100% for my spouse (it was formerly at 50% split).
This had a negligible change to the refund amount; is possible it will generate an query from CRA; but finally put an end to the frustration of waiting on the utter incompetence from Turbotax - it allowed me to finally finish filing.
This might not work for everyone, but our Capital Gains portion was so relatively minuscule (under $100), it is not worth my time to hope in vain day after day for a Turbotax fix they don't even seem to realize is needed for the desktop version of their software!
I might add... I will never use Turbotax again in the future...
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