soniabove
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- Posted Thanks for the response but look at the top of T2091 wher... on Investors and rental owners. October 30, 2019 7:21 AM
- Posted Why is TurboTax asking for ACB in principle residence exemption (i.e. property is PR for all years owned)? This is only needed if box 2 & 3 of Schedule 3 is ticked off. on Investors and rental owners. October 30, 2019 7:21 AM
October 30, 2019
7:21 AM
Thanks for the response but look at the top of T2091 where it says, "If you ticked either box 2 or 3 at line 179 of Schedule 3, you must complete the remainder of this form that is applicable to your particular situation." If you designated the property as a principal residence for all years owned, then you would be ticking box 1 on Schedule 3 negating the need to fill out the capital gain section on T2019. I looked at other tax softwares (i.e. Simple Tax) online, and they seem to have it correctly. I don't know how to tell TurboTax that they have a mistake in their software.
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