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Can I enter jointly owned T-Slips with someone other than a spouse using the % of ownership option and then override the default spousal % to zero?
I have dozens of T-Slips regarding joint ownership of investments (T5, T3, T5013, T5008 as well as Trade Receipts, Capital Gains/Losses and Rental Income etc) with a person other than a spouse? Doing all of the % calculations manually for both of us would take hours and opens the door to mistakes. Assuming I can use the % option with the override to spouse set to zero... will TurboTax accurately divide up all carry forwards by the % indicated?
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posted
October 31, 2019
3:59 AM
last updated
October 31, 2019
3:59 AM
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Can I enter jointly owned T-Slips with someone other than a spouse using the % of ownership option and then override the default spousal % to zero?
Yes, that would work. Enter your percentage and override your spouse's percentage to the appropriate amount, and the software will properly propagate the amounts to the right returns.
October 31, 2019
3:59 AM