I received a T3 from Dynamic Active Global Div EFT with a negative number recorded in box 42. The slip has a notation that says non-cash distribution is in the form of additional units. Unfortunately, I cannot figure out how to record this number as a negative. Help is appreciated.
If Box 42 has a negative amount, put it in brackets (00).
For more information please see the Canada Revenue Agency's Box 42 – Amount resulting in cost base adjustment.
Thank you for using TurboTax.
That was my thought well however, Turbotax does not allow me to use/inset the () symbol. Any other suggestions?
I should also mention I tried using a minus symbol too which also doesn’t work.
I have the same question. Not able to add a - or ( or ). How do you enter a negative number that is shown in a T3?
Hi. To be honest I was not able to do this myself. I ended up using the feature that allowed me do import documents directly through the CRA sight. You and puck and choose which document you want to import. I imported the T3 that showed the negative number and it appeared correct. Hope this helps you.
Hi Christel1961
When u said CRA sight, are you refereeing to My Account? I don't see any T3 in there.
Hi Jamie. This was an issue I had last year. Another member suggested I download the form form from CRA which I did and solved my problem. I wasn’t able to enter the negative details myself. Thanks for asking.
Thanks you Christel1961 for answering.
I went to My Account from the CRA to look for a T3 but I don't see any T3 in there. I'm sure the CRA receive a copy of it but his didn't post it.
I'm stuck with a problem that i don't know how to solve. The scary part is mean i cannot send my tax out.
Do you know for sure you should have a T3? My suggestion is you call or email the company that you feel should have issued this T3 and ask them to send you a duplicate or at least confirm for a fact one was issued this year. If the document is from a bank, you can locate a copy online by signing into your online banking. Search for tax forms. If it’s from an investment i .e. a mutual fund company, you can call them to inquire. Have your account details handy. Hopefully this should help.
This may have worked in 2022 but the bracket workaround no longer works for the 2024 return. So, same issue, how do I enter a negative number in box 42?
OK, I did try a minus sign already 😬 and no it doesn't work. I called in to your phone support line, and what ended up being the method to get around this was to go through the EasyStep interview process - several screens long, until you get a screen where you can enter or edit the amount on your T3 slip. On that screen, it is possible to enter a minus sign for the amount in Box 42. Took a bit of work, but leaving this resolution here in case others have the same issue.