I am getting the following message everytime I try a review, which is also preventing me from netfiling.... '...amount of foreign gains include in box 21 on a t3 slip'
I have even removed all the information for all T3 slips - didn't work. I tried rebooting my laptop - still same message. Nothing I have tried is getting me past this.
Can anybody help?
I just posted this on another thread
In my opinion the source of the confusion (problem) lies in the fact that the Easy Step T3 entry section has two Box 52's both labeled differently (same with Box 53) i.e. Foreign Capital Gains and Total Capital gains. The forms entry T3 input has only one Box 52 and one Box 53, both of which are for Total Capital Gains since Box 21 does not differentiate between Total and Foreign. The problem is the fact that only one Box 52 communicates with the T3 entry into the tax preparation. The same with Box 53. If you use Easy Step then you have to use the second Box 52 and Box 53 (as Wes1 points out). Surely this is a problem in the software.
@ecwhaley1 Remove the amount from Box 52, if applicable (leave it blank) - Enter the sum of Box 52 + Box 53 in Box 53 - Ensure Box 53 equals the amount in Box 21 If the error persists, try rounding the box amounts (21 and 53) to the nearest dollar.
The new capital gains rate is not going into effect this year, so both boxes are taxed at the same one-half (50%) rate.
This does not change the fact that there are two Box 52's and two Box 53's on the Easy Step T3 entry page in TT, in both cases the two boxes are labelled differently. Only the second of the two in each case communicates with the T3 page in Forms entry. You do not say which Box 53 to put the total into.
ecwhaley1
New Member
JanSo
Level 2
dyoung8500
Returning Member
p-timothy
Level 1
bhc20003
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.