TurboTax FAQ
TurboTax FAQ
13 people found this useful

How do I enter a T3 slip?

Using an online edition of TurboTax:

1. From the top-right of your screen, select Find* and type “t3” into the search field.

2. Select T3 Mutual Fund/ Trust Income and Designations from the options that appear, and then select Go.

3. On the T3 – Summary step, select Enter New T3.

4. On the T3 – Trust Income and Designations step, enter the full amount in each box as it appears on the slip.

5. If you’re splitting the income with your spouse/partner, at Enter percentage of slip to claim on your spouse’s tax return (if applicable), enter the portion of the gain that your spouse/partner is claiming.

  • If you’re preparing your return together with your spouse/partner's return, do not enter this same slip on your spouse/partner’s return. TurboTax automatically calculates each spouse/partner’s portion based on the percent you enter.
  • If you’re preparing your returns separately, TurboTax automatically calculates your portion based on the percent you entered.

Using a CD/download edition of TurboTax:

1. From the navigation menu on the left side of your screen, select INCOME  EXPENSES > T-Slips.

2. On the Entering your federal T-slips step, select T3 – Trust Income and Designations, and then select Continue.

3. On the first T3 – Trust Income and Designations step, select Enter T3.

4. On the second T3 – Trust Income and Designations step, enter the full amount in each box as shown on the slip.

5. If you’re splitting the income with your spouse/partner, at Your Percentage, enter the portion that you’re claiming.

  • If you’re preparing your return together with your spouse/partner's return, do not enter this same slip on your spouse/partner’s return. TurboTax automatically calculates each spouse/partner’s portion based on the percent you entered.

 

*If you don’t see the Find button, you may not have completed the Setting Up/Introduction step of your return. Continue through the Setting Up/Introduction step until the Find button appears.

Note: If you’re preparing your return together with your spouse/partner's return, the amounts from the joint investment slip you entered on your return will not appear on their T3 slip entry screen. Do not re-enter it. TurboTax includes it on their Schedule 4 (Statement of Investment Income).

 

 

Related information


INF23991