Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
HeMange
New Member

Where do I show taxable capital gain from a negative ACB due to return of capital?

My T3 shows a return of capital in Box 42. When I calculate the ACB, it is negative which must be reported as a capital gain. Not clear which schedule to use in Turbotax.

1 Reply

Where do I show taxable capital gain from a negative ACB due to return of capital?

Have you disposed of the asset? If not, you can't report any loss or gain, unless it is reported on the T3.