Turbo says T3 not balancing box 52+53 to equal box 21 but all figures are correct and they do balance so why the error?

[TurboTaxSusan]

There are two box 52s & two box 53s on the 2024 T3. One set is for before June 25, 2025, and one set is for after June 25, 2025. The sum of Total Capital Gains box 52 for before June 2024 and Total Capital Gains box 53 for after June 2024 have to equal to what is in box 21. And your Foreign Capital Gains can't be more than your Total Gains.

When you enter your Foreign Capital Gains, you have to make sure it goes in the box that matches the period - before or after June 25.  If you put a Total Capital Gains amount in box 52 (before June 2024) but then put Foreign Capital Gains in Box 53 (after June 2024), you'll get an error because your Foreign Capital Gains for that period is higher than your Total Capital Gains for that period. 

[moffatt416]

I have deleted all 3 of the downloaded T3 slips and re-entered all information.  Note I am quite familiar about how this is done as I have been doing it for many years.

I am still getting the same error...that boxes 53 and 52 do not equal box 21...but they do!   Note there is no foreign money involved.

Thank you

[moffatt416]

moffatt416

New Member

 

I have deleted all 3 of the downloaded T3 slips and re-entered all information.  Note I am quite familiar about how this is done as I have been doing it for many years.

I am still getting the same error...that boxes 53 and 52 do not equal box 21...but they do!   Note there is no foreign money involved.

[moffatt416]

The error is coming up....not when I complete the T3, but at the end on the page "Some items need review"...there is an "error" "The sum of box 52 and box 53 must equal the total capital gain or loss in box 21 of your T3 slip. Please review your imported data".    I have reviewed all and still received the error, so deleted everything on T3 and filled it out again.....but same error on the "Some items need review" page.   There is something wrong with your software.

Please advise.

Thank you

[moffatt416]

Finally!!!    There were 3 T3 slips downloaded from the CRA, but I received only one T3 (the three items were listed on the back of it, but totaled on the front.

So I again deleted the 3 T3's which had been downloaded and added ONE T3 with the information from the front of the T3.....and it worked!       Note that all the figures still add up to the same as when there were 3 T3's, so I don't understand why there was a problem......it should be looked into.

[TurboTaxAniqua]

Box 52 shows the capital gains from dispositions before June 25, 2024, while Box 53 reports the capital gains dispositions. So, It is linked to Schedule 3.

Schedule 3 is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized? 

We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.

We appreciate your patience.

Thank you for choosing TurboTax.