I can't complete my review because of locked forms, but I didn't use any that are listed in your FAQ. Then why?

[eastern-skier]

@Bin08 

I'm not a tax professional, but my research leads me to believe that real estate is a form of capital investment. Just like stock dividends and bank interest, rental income is a form of investment income.  As you may have expenses related to operating your rental property, these are considered investment expenses and are used to offset your investment income, potentially creating an investment loss in a particular year. There is a rolling value called your cumulative net investment loss (CNIL) which gets updated each year. At some point your CNIL will be used to adjust your capital gains deduction. When you eventually sell your rental property, your capital gains deduction will be applied to your lifetime capital gains exemption. Your lifetime capital gains exemption will be used to determine how much capital gains tax you will pay on the difference between what you paid to purchase your rental property and what you will be selling it for. So TurboTax helps you and the CRA to keep track of your ongoing investment income losses and that is why your capital gains forms are temporarily locked until the CRA gives the green light, predicted by the CRA to be before the end of March. My own forms are locked because I have reported bank interest to TurboTax in every year since 2017, when I started consistently using this product each year. 

[Nobody Special]

"Why are so many forum users so quick to blame TurboTax, when the CRA admits responsibility and all of the competition is facing the same problem with locked forms related to capital gains?"

Because they have it set up that even if you aren't claiming any gains for the year, it still prevents you from filing.

THAT is a programming error and has nothing to do with the government's tardiness.

[eastern-skier]

@Nobody Special 

It not about whether or not you are claiming a capital gain or loss in 2024.

It is all about what pieces of historic data related to investment income and investment losses get factored into your lifetime capital gains exemption.

In my case, all the bank interest that I declared since 1988 has found its way into the calculation for my capital gains exemption, so my TP-726.6 form is locked this year. 

The TurboTax program is doing exactly what I want it to be doing, which is keeping track of my historic data so that if one day,  I buy and sell an investment, TurboTax will calculate the proper amount of tax that I should be paying, even before the CRA confirms it with their Notice of Assessment.

And for this advantage, I am willing to wait for the CRA to unlock my forms, instead of jumping ship to another tax preparation software package and lose all my historic data contained in the form called CARRY FWD.

Why don't you Google the Bloomberg News article titled "Hoping to file your 2024 taxes early?" and read for yourself where the CRA claims responsibility?

[TurboTaxAniqua]

@Nobody Special Thank you for your feedback.