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April 10, 2023
Question

Splitting capital gains on T3 between 3 people

  • April 10, 2023
  • 1 reply
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I have an investment account with my two sisters and received a T3 slip for the capital gains. We each invested equally (ie 33.33% each). How do I claim my portion of the capital gains in the software? I've entered the amounts as they appear on the T3 but there is no place to enter a percentage of ownership. The only related box was to enter "percentage of slip to claim on your spouse's tax return", which does not apply in this situation as my spouse is not part of this account. 

1 reply

TurboTaxSusan
April 14, 2023

You would have to calculate what amounts on the slip belong to you based on your percentage, and then enter only that portion. Ex: If you were splitting a gain of $1000 50/50 with one of your sisters, then you would claim $500 on your T3.