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New Member
posted Feb 27, 2025 6:19:27 AM

Is the Canadian capital gains calculation (T3 slip) in TurboTax Premier 2024 correct? It should be box 21 - box 37, but I am getting box 21 + box 37.

Entered a single T3 with box 52 857.09, 53 998.03, 58 89.98 and 59 27.38 so box 21 is 1855.12 and box 37 is 117.36. Line 21 on schedule 3 should be 1737.76, but the software says 1972.48.

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2 Replies
Moderator
Feb 27, 2025 3:24:46 PM

Are you using TurboTax Desktop or TurboTax Online? 

 

New Member
Feb 27, 2025 5:59:41 PM

I am using TurboTax Premier 2024 Desktop. If I enter the T3 data for boxes 37, 58 & 59 with a negative sign I get the right answer on schedule 3, but I should not have to do this.

Separately, the 50% split of a T3 between 2 spouses does not give the correct answer either.