Where in the T1 final return do I enter the capital loss from making an election 164(6)?

[colin3]

I am filing a GRE trust return for a deceased person.  It includes stock market capital losses.  I am making an election 164(6) to transfer these losses to the deceased person's final T1 return in order to reduce its capital gains.  I need to know where to enter the value for the loss on the T1 return.

[TurboTaxBrenda1]

We’re sorry for your loss

Unfortunately TurboTax does not support T3 Trust Income Tax returns, for a deceased person.

https://turbotax.community.intuit.ca/replies/2647725

[colin3]

Dear Brenda.  Thank-you for your response.  I fear though that I did not pose my question clearly.  May I try again.  I am preparing both a T3 trust income tax return and a T1 return for a deceased.  I am only using TurboTax to prepare the T1  return.   The T3 return allows me to transfer and claim a capital loss on the T1 return by using the election 164(6), as per page 33 of the CRA T3 Trust Guide.  My question is where do I enter this number in TurboTax?  For example, can I enter it  in section 3 of schedule 3? Or is there a separate special line on which to enter it?

[peddc]

You have a good question. I have the same one. 

The frustration is so ironic when the tax seminar presenters spout out this great tax advice but no one actually knows how to do it.

[jeffincanmore]

I too have the same question and yet no response

[TurboTaxBrenda1]

Here is how you would enter it in TurboTax Desktop. 

TTD Final Capitol Loss2

You then can go to your T1 General and verify that 50% of the amount went to line 12700. 

[MikeNice]

The graphic does not reflect the orginal gain as reported at death.  I would not override - merely enter on Schedle 3 a line item citing 164(6) election.