Principal Residence review by Turbotax is incorrec...

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New Member

Principal Residence review by Turbotax is incorrect? Program will not continue with easy answer inputs if ACB not entered.

After entering all information for sale of principal residence except for ACB (house was bought 50 years ago, principal residence for all the years owned), Turbotax will not continue to the next screen unless ACB is entered. I phoned CRA and they told me ACB is not necessary if only the first box is selected in Schedule 3 (which Turbotax did). I tried setting up a new account using Forms input, and same problem exists when going through the Review step.  I tried entering zero as ACB but Turbotax does not accept this either.

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Moderator

Principal Residence review by Turbotax is incorrect? Program will not continue with easy answer inputs if ACB not entered.

Please try using $0.01 as the ACB.

If you are still unable to resolve this issue, please contact our phone support as they will be better able to assist you (*Not available for TurboTax Free users*). https://turbotax.community.intuit.ca/replies/3152013


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