Skip to main content
April 28, 2022
Question

Field 38 of form TP-128 is mislabeled on related worksheet T776

  • April 28, 2022
  • 1 reply
  • 0 views

Line 38 of form TP-128 is "your share of ownership".

On the related worksheet T776, this field is labeled as "your percentage of the partnership". 

 

The description on T776 seems to apply only to partnerships, and not co-ownerships, so people filing as a co-ownership might think they need to leave the field blank (0%). It's a subtle difference but it is misleading and can significantly affect your return. 

1 reply

TurboTaxSusan
May 5, 2022

Unfortunately, that is the wording that is on the actual T776 form from the CRA (Canada Revenue Agency).