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sandthorp
New Member

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.
2 Replies

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.

Are you using TurboTax Desktop or TurboTax Online? 

 

sandthorp
New Member

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.

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.