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April 18, 2022
Question

Is anyone else getting this error where, the taxable capital gain is not being halved (50%) at the income summary?

  • April 18, 2022
  • 1 reply
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    1 reply

    February 14, 2023

    Verify that you have not duplicated information in either the T5008 screen ("Income" > "T-slips") or the Capital Gains area ("Investments" > "Capital Gains").

     

    Net Capital Gains will be reported at half of the actual gain on Line 12700.

     

    DETAILED SUMMARY:

    To see a detailed summary of your return using TurboTax Online, click the first arrow below your estimated refund amount in the side panel, then select the option for View detailed tax summary. The Detailed Summary page will appear, giving you line-by-line information regarding your income and credits.

     

    If you want to see your full T1, then you can download or print a copy of your return. This FAQ tells you how to do this in TurboTax Online: https://turbotax.community.intuit.ca/community/tax-return-print-save/help/in-the-online-edition-of-t...

     

    Thank you for choosing TurboTax.