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T3/Schedule 3 Capital gains

When reporting capital gains on a t3 slip and allocating 50% to spouse- the allocation is not made on Schedule 3 and 100% is reported.

3 Replies

T3/Schedule 3 Capital gains

Yes.  I've written about this and other related errors (T3 capital gains and prorations) multiple times.

T3/Schedule 3 Capital gains

@mpink 

 

The issue is being looked into.

 

As a workaround, you can enter the T3 on both spouse's return, but manually calculate the split and set the "Your Percentage" value to 100% for each. The "Your Percentage" value just tell TurboTax to do the split, it's not transmitted to the CRA.

T3/Schedule 3 Capital gains

Yes ... rather obvious ... too many slips to deal with individual return manual calculations which is a primary reason I bought TurboTax in the first place.