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hqkhan
Returning Member

Many issues with initial release

My question is

Will i ve able to net file my tax return using turbo tax end of February or i have to wait for updated schedule 3 form. My return is impacted by schedule 3 capital gain/loss calculation

 

Please provide clear answer

 

Thanks and best regards

 

hqkhan
Returning Member

Many issues with initial release

Thsnks for your post.

I an trying to finalize my taxes for year 2024.

I intend to net file around end of February.

My tax return is impacted by schedule 3.

Will I be able to net file end of February I.e. Will you update schedule 3 forms before net file is available end of February

 

Please respond

 

 

Many issues with initial release

I also get this 0.01 for capital loss carryforward, i don't get it. also, the capital losses are recalculated with some weird formula due to the new inclusion rate, BUT the new inclusion rate isn't happening, so I assume the capital losses from previous years will not need to be adjusted for 2024?

hqkhan
Returning Member

Many issues with initial release

I hope turbo tax will fix the problem before net file time. Other wise we will not be able to net file our tax return.  Do we see any commitment from turbo tax.