T3 Error - The Handling Capital Gains Split Between Spouses

[jsteenson]

I recently received aT3 with a Capital Gain of $200 in Box 21 and $600 of Other Income in Box 26.  The Box 52/53 capital gain split was $150 and $50.  This T3 is a joint account and so I set my % to 50% for me and 50% for my spouse.  When I updated the T3 input form under my name, my taxable capital gains increased by $100 while my spouse's taxable capital gain remained unchanged.  The Other Income was split 50/50 on our individual tax returns which is correct.  The taxable capital gains should have increased by $50 on both returns not $100 on my return.  So something is not right and I suspect the 50% is not being applied to the entries in Boxes 52 and 53.

[TurboTaxSusan]

If you are using TurboTax Online, this issue should be resolved. T3 slips should split between spouses now.

[nerdboyjoe]

@TurboTaxSusan Sadly, I'm using the desktop version. Please fix it there too.

[TurboTaxAniqua]

@nerdboyjoe Our development team is working on a resolution. We are hoping this can be resolved quickly. Once it is resolved, we will update you in this thread. We appreciate your patience.

[jmhowe]

I have been struggling with this exact same issue for hours.  The dividend amounts on the T3 split correctly, but the capital gains amounts in box 21, 52 and 53 do not split.  So glad I found this - I've been pulling my hair out trying to figure out where the problem was for hours.

[nerdboyjoe]

@jmhowe I don’t have any hair left to pull. I pulled it all out this week.

[dcp689]

I only noticed the error when I compared the comparison summary for both spouses. Didn't understand why Taxable Cap Gains were attributed to one spouse only, even though I specified a split in the T3 data entry. I had to work backwards then make individual T3 entries for each spouse, with manual calculation for all T3 boxes based on % distribution for each spouse. Boxes 52 and 53 don't appear to be linked to the split percentages.

[nerdboyjoe]

@dcp689 yup, same here. What a pain this is.

[TurboTaxAniqua]

We can understand your frustration but we want to assure you that our development team is working on a resolution. Once it is resolved, we will update you in this thread. We appreciate your patience.

[Oak22]

Would like to know if the desktop version of the Turbotax will be updated with the correction to T3 CG splitting between spouses. I am ready to file but have just realized the serious error. Need help ASAP…