# T3 **URL:** https://www.protaxcommunity.com/c/t3/18.md [Latest](https://www.protaxcommunity.com/latest.md) · [Categories](https://www.protaxcommunity.com/categories.md) · [Tags](https://www.protaxcommunity.com/tags.md) --- ## [About the T3 category](https://www.protaxcommunity.com/t/about-the-t3-category/294)
**Author:** [@Elizabeth](https://www.protaxcommunity.com/u/Elizabeth)\ **Replies:** 0
Discussion on TaxCycle T3, preparing trust returns. --- ## [Where to input minimum tax carryover in T3](https://www.protaxcommunity.com/t/where-to-input-minimum-tax-carryover-in-t3/13013)
**Author:** [@paul3](https://www.protaxcommunity.com/u/paul3)\ **Replies:** 1\ **Last updated:** [October 21, 2026, 7:11pm UTC](https://www.protaxcommunity.com/t/where-to-input-minimum-tax-carryover-in-t3/13013 "2026-10-21T19:11:17Z")
I am trying to find where to input the prior years carryover amounts for AMT, if I am preparing a trust return for the first time. I can override line 89 on Sch 12 but that can’t be the way to do it, it needs to know 7 … --- ## [T3 Schedule 15 penalty of $250](https://www.protaxcommunity.com/t/t3-schedule-15-penalty-of-250/12545)
**Author:** [@jhd.hemeon](https://www.protaxcommunity.com/u/jhd.hemeon)\ **Replies:** 4\ **Last updated:** [July 7, 2026, 2:22pm UTC](https://www.protaxcommunity.com/t/t3-schedule-15-penalty-of-250/12545 "2026-07-07T14:22:46Z")
Client has an inter vivos trust, category ID 334. Beneficiaries are client, client’s spouse, children, children’s spouses, and grandchildren. These, along with the settlor, were all reported on the 2023 schedule 15. T… --- ## [T3 carry forward 2025 return to create a 2026 T3](https://www.protaxcommunity.com/t/t3-carry-forward-2025-return-to-create-a-2026-t3/12212)
**Author:** [@h.spence](https://www.protaxcommunity.com/u/h.spence)\ **Replies:** 5\ **Last updated:** [April 14, 2026, 4:23pm UTC](https://www.protaxcommunity.com/t/t3-carry-forward-2025-return-to-create-a-2026-t3/12212 "2026-04-14T16:23:32Z")
I have a T3 for a GRE which has a January 23, 2025 year-end that I want to carry forward to create the 2026 T3 but the menu selection is greyed out and I cannot select carry forward. Is there a work around or do I just s… --- ## [T3 Sch15](https://www.protaxcommunity.com/t/t3-sch15/10186)
**Author:** [@Easyzen](https://www.protaxcommunity.com/u/Easyzen)\ **Replies:** 4\ **Last updated:** [April 9, 2026, 5:34pm UTC](https://www.protaxcommunity.com/t/t3-sch15/10186 "2026-04-09T17:34:47Z")
Does anyone know how to correct a previously filed T3 Schedule 15, such as fixing a typo like postal code or adding a missing detail, like one of 25 grandchildren? Should I amend the previous Schedule 15 and avoid modify… --- ## [TaxCycle Diagnostic Message Cost me $100](https://www.protaxcommunity.com/t/taxcycle-diagnostic-message-cost-me-100/12139)
**Author:** [@snoplowguy](https://www.protaxcommunity.com/u/snoplowguy)\ **Replies:** 7\ **Last updated:** [March 26, 2026, 6:32pm UTC](https://www.protaxcommunity.com/t/taxcycle-diagnostic-message-cost-me-100/12139 "2026-03-26T18:32:17Z")
I knew better…… Earlier today I completed a trust return for a stub-period testamentary trust that became outside of the 36 month GRE period on November 10th, 2025. The stub period started November 10th, 2025 and ended… --- ## [T3 - Beneficiaries / Settlor etc....not updating from prior? Intentional?](https://www.protaxcommunity.com/t/t3-beneficiaries-settlor-etc-not-updating-from-prior-intentional/10484)
**Author:** [@SmallBizGuy](https://www.protaxcommunity.com/u/SmallBizGuy)\ **Replies:** 4\ **Last updated:** [March 19, 2026, 4:39pm UTC](https://www.protaxcommunity.com/t/t3-beneficiaries-settlor-etc-not-updating-from-prior-intentional/10484 "2026-03-19T16:39:02Z")
Late-provided Trust return info just received for a T3 previously filed with all Beneficiaries/Settlor blah blah in the prior year. Was it intentional that this doesn’t carry forward this year? (Why?) Seems like an enor… --- ## [Roll forward 2025 GRE return](https://www.protaxcommunity.com/t/roll-forward-2025-gre-return/11999)
**Author:** [@justinredmond](https://www.protaxcommunity.com/u/justinredmond)\ **Replies:** 2\ **Last updated:** [March 4, 2026, 11:25pm UTC](https://www.protaxcommunity.com/t/roll-forward-2025-gre-return/11999 "2026-03-04T23:25:13Z")
In instances where the GRE has one full off-calendar year-end. Say, March 31, 2025. Then the estate winds up say December 1, 2025. Taxcycle will not permit rolling forward another T3 in 2025 to finish off the filings. Un… --- ## [T3 Trust T4 RSP Box 40 Tax-Paid Amount](https://www.protaxcommunity.com/t/t3-trust-t4-rsp-box-40-tax-paid-amount/11655)
**Author:** [@anni](https://www.protaxcommunity.com/u/anni)\ **Replies:** 3\ **Last updated:** [December 20, 2025, 1:05pm UTC](https://www.protaxcommunity.com/t/t3-trust-t4-rsp-box-40-tax-paid-amount/11655 "2025-12-20T13:05:37Z")
How do I treat Box 40 on T4 RSP, Tax Paid Amount; Background: taxpayer died October 2020; executor had issues getting will probated, finally probated September 2025; accounts paid out October 2025. 2025 T4RSP issued; B… --- ## [T3 Returns - Beneficial Ownership Information](https://www.protaxcommunity.com/t/t3-returns-beneficial-ownership-information/10355)
**Author:** [@PerpetualGrowth](https://www.protaxcommunity.com/u/PerpetualGrowth)\ **Replies:** 3\ **Last updated:** [March 27, 2025, 6:11pm UTC](https://www.protaxcommunity.com/t/t3-returns-beneficial-ownership-information/10355 "2025-03-27T18:11:28Z")
Good afternoon, I am preparing a T3 return and have added the beneficial ownership information, but not all of the Reportable Entities are showing up on Schedule 15. Should this information not automatically feed over … --- ## [T3SCH15 no SIN obtained](https://www.protaxcommunity.com/t/t3sch15-no-sin-obtained/10448)
**Author:** [@3PeaksCPA-RS](https://www.protaxcommunity.com/u/3PeaksCPA-RS)\ **Replies:** 1\ **Last updated:** [March 26, 2025, 12:46pm UTC](https://www.protaxcommunity.com/t/t3sch15-no-sin-obtained/10448 "2025-03-26T12:46:15Z")
I am filing a T3 for a family trust. Schedule 15 required for the first time. Trustee having difficulty getting responses from two people who have not provided their SIN. Taxcycle won’t transmit with that field empty. Is… --- ## [T3 allocation of expenses](https://www.protaxcommunity.com/t/t3-allocation-of-expenses/10403)
**Author:** [@dawne](https://www.protaxcommunity.com/u/dawne)\ **Replies:** 1\ **Last updated:** [March 23, 2025, 10:52pm UTC](https://www.protaxcommunity.com/t/t3-allocation-of-expenses/10403 "2025-03-23T22:52:00Z")
Why does the program, when using the automatic function for expenses, put them against interest income first and then to eligible dividends over putting them to interest income and then to foreign income which is often t… --- ## [Trust return T776 - why is this printing when there is no rental income?](https://www.protaxcommunity.com/t/trust-return-t776-why-is-this-printing-when-there-is-no-rental-income/10336)
**Author:** [@dawne](https://www.protaxcommunity.com/u/dawne)\ **Replies:** 0\ **Last updated:** [March 18, 2025, 10:17pm UTC](https://www.protaxcommunity.com/t/trust-return-t776-why-is-this-printing-when-there-is-no-rental-income/10336 "2025-03-18T22:17:28Z")
Why is the T776 set to print in a trust return when there is no rental income? Nvm, found it was checked off under income. --- ## [Are we able to Efile T3 Returns or not?](https://www.protaxcommunity.com/t/are-we-able-to-efile-t3-returns-or-not/10188)
**Author:** [@snoplowguy](https://www.protaxcommunity.com/u/snoplowguy)\ **Replies:** 6\ **Last updated:** [March 7, 2025, 1:04am UTC](https://www.protaxcommunity.com/t/are-we-able-to-efile-t3-returns-or-not/10188 "2025-03-07T01:04:22Z")
I am using TaxCycle version 14.1.55777.0 Yesterday I completed a Graduated Rate T3 return for an estate that is reporting interest income and rental income. No capital gains whatsoever. I have no diagnostic or review … --- ## [T3 Schedule 15 Penalty](https://www.protaxcommunity.com/t/t3-schedule-15-penalty/8567)
**Author:** [@ddickca](https://www.protaxcommunity.com/u/ddickca)\ **Replies:** 2\ **Last updated:** [May 1, 2024, 10:25pm UTC](https://www.protaxcommunity.com/t/t3-schedule-15-penalty/8567 "2024-05-01T22:25:05Z")
A client for which I filed a T3 electronically received a notice of assessment with a $100 penalty for failure to file schedule 15 by the deadline. T3 return was electronically filed on 01 Apr 2024, and did include S15.… --- ## [T3 Foreign Gain problem](https://www.protaxcommunity.com/t/t3-foreign-gain-problem/8211)
**Author:** [@SmallBizGuy](https://www.protaxcommunity.com/u/SmallBizGuy)\ **Replies:** 1\ **Last updated:** [March 31, 2024, 5:41am UTC](https://www.protaxcommunity.com/t/t3-foreign-gain-problem/8211 "2024-03-31T05:41:39Z")
I have a T3 I can’t figure out how to fix! All income is allocable to beneficiaries. I have a small reportable foreign gain (as entered on the T1135 – all of $100!!)…and TC is generating the following messages: The a… --- ## [Re-Publish T3 slip](https://www.protaxcommunity.com/t/re-publish-t3-slip/8140)
**Author:** [@cheryl](https://www.protaxcommunity.com/u/cheryl)\ **Replies:** 0\ **Last updated:** [March 25, 2024, 1:15am UTC](https://www.protaxcommunity.com/t/re-publish-t3-slip/8140 "2024-03-25T01:15:14Z")
I had to make adjustment to a T3 return and i am trying to re publish the T3 slip to sync to T1. I am unable to do it. any suggestions? thanks --- ## [Filing deadline for Dec 31 2023 trust year end](https://www.protaxcommunity.com/t/filing-deadline-for-dec-31-2023-trust-year-end/8124)
**Author:** [@paul3](https://www.protaxcommunity.com/u/paul3)\ **Replies:** 1\ **Last updated:** [March 23, 2024, 1:08am UTC](https://www.protaxcommunity.com/t/filing-deadline-for-dec-31-2023-trust-year-end/8124 "2024-03-23T01:08:14Z")
the TaxCycle template letter indidcates the return and payment are due by April 1. Shouldn’t that be April 2 this year? --- ## [Do Notes get Efiled with T3 return for 2023 T3](https://www.protaxcommunity.com/t/do-notes-get-efiled-with-t3-return-for-2023-t3/8077)
**Author:** [@angie](https://www.protaxcommunity.com/u/angie)\ **Replies:** 6\ **Last updated:** [March 19, 2024, 4:50pm UTC](https://www.protaxcommunity.com/t/do-notes-get-efiled-with-t3-return-for-2023-t3/8077 "2024-03-19T16:50:30Z")
Does anybody know if the Notes in T3 Tax Cycle get electronically filed along with the T3 return for 2023 T3 returns in Tax Cycle? For example, we use Notes to indicate shareholdings, etc… t would be good if they did be… --- ## [Allocating a specific dollar amount of income](https://www.protaxcommunity.com/t/allocating-a-specific-dollar-amount-of-income/8045)
**Author:** [@paul3](https://www.protaxcommunity.com/u/paul3)\ **Replies:** 0\ **Last updated:** [March 15, 2024, 10:32pm UTC](https://www.protaxcommunity.com/t/allocating-a-specific-dollar-amount-of-income/8045 "2024-03-15T22:32:14Z")
I have a discretionary trust that has distributed a specific dollar amount to its beneficiary, which is less than the total income earned. I can’t figure out the correct way to handle this. If I set the allocation meth… --- ## [2024 T3 Trust Tax Return](https://www.protaxcommunity.com/t/2024-t3-trust-tax-return/7916)
**Author:** [@lokki](https://www.protaxcommunity.com/u/lokki)\ **Replies:** 4\ **Last updated:** [February 29, 2024, 4:17am UTC](https://www.protaxcommunity.com/t/2024-t3-trust-tax-return/7916 "2024-02-29T04:17:56Z")
Hello All, I have a GRE trust tax client with a year-end cut-off on January 31. I prepared their 2023 T3 Trust Tax return using DT Max last year. I completed the return and filed it to CRA on April 20, 2023 just befo… --- ## [T3 Loss Carryback](https://www.protaxcommunity.com/t/t3-loss-carryback/6681)
**Author:** [@snoplowguy](https://www.protaxcommunity.com/u/snoplowguy)\ **Replies:** 4\ **Last updated:** [October 30, 2023, 5:10pm UTC](https://www.protaxcommunity.com/t/t3-loss-carryback/6681 "2023-10-30T17:10:30Z")
Does anyone have any experience or can confirm either way whether the T3A - Request for Loss Carryback by a Trust gets Efiled with the T3 return and automatically processed or does it need to be mailed in separately? In… --- ## [Loss Carryback of Trust for Minimum Tax Purposes](https://www.protaxcommunity.com/t/loss-carryback-of-trust-for-minimum-tax-purposes/7343)
**Author:** [@sjtaxlaw](https://www.protaxcommunity.com/u/sjtaxlaw)\ **Replies:** 0\ **Last updated:** [September 18, 2023, 5:26am UTC](https://www.protaxcommunity.com/t/loss-carryback-of-trust-for-minimum-tax-purposes/7343 "2023-09-18T05:26:47Z")
Hi, If a trust want to claim a loss carryback for minimum tax purposes, what forms does it need to file to claim the carryback? For example, let’s assume that the trust had taxable capital gains in 2022 such that it wa… --- ## [T3 trust tax return year-end date change](https://www.protaxcommunity.com/t/t3-trust-tax-return-year-end-date-change/7211)
**Author:** [@irfan](https://www.protaxcommunity.com/u/irfan)\ **Replies:** 5\ **Last updated:** [July 24, 2023, 11:23am UTC](https://www.protaxcommunity.com/t/t3-trust-tax-return-year-end-date-change/7211 "2023-07-24T11:23:43Z")
Hi, I filed 1st year T3 trust tax return on Mar 16, 2023. The year-end was Dec 31, 2022. The trust had a capital loss eligible to be applied against capital gains on 2021 T1-final. The trust NOA done Apr 26 all was g… --- ## [T3 - 104(7.01) adjustment](https://www.protaxcommunity.com/t/t3-104-7-01-adjustment/7064)
**Author:** [@edwin](https://www.protaxcommunity.com/u/edwin)\ **Replies:** 0\ **Last updated:** [May 25, 2023, 3:54pm UTC](https://www.protaxcommunity.com/t/t3-104-7-01-adjustment/7064 "2023-05-25T15:54:07Z")
104(7.01) applies to deemed resident trusts, which are not common. This subsection limits the trust’s ability to deduct allocations to beneficiaries from its taxable income. The deduction is limited to 65% or 40%, depend… --- ## [No AUTH01 in T3 module?](https://www.protaxcommunity.com/t/no-auth01-in-t3-module/3806)
**Author:** [@james1](https://www.protaxcommunity.com/u/james1)\ **Replies:** 4\ **Last updated:** [May 19, 2023, 9:02pm UTC](https://www.protaxcommunity.com/t/no-auth01-in-t3-module/3806 "2023-05-19T21:02:45Z")
So the question is why? --- ## [Trust return slip filing](https://www.protaxcommunity.com/t/trust-return-slip-filing/6801)
**Author:** [@cheryl](https://www.protaxcommunity.com/u/cheryl)\ **Replies:** 2\ **Last updated:** [March 28, 2023, 7:10pm UTC](https://www.protaxcommunity.com/t/trust-return-slip-filing/6801 "2023-03-28T19:10:21Z")
i submitted the t3 return electronically but i am unable to transmit the t3slips electronically. i used xml with trust acct # and wac i am getting error - argh! i spent just under 2 hours on with cra getting these code… --- ## [Error message when trying to transmit a T1135 for a trust return](https://www.protaxcommunity.com/t/error-message-when-trying-to-transmit-a-t1135-for-a-trust-return/6592)
**Author:** [@monica](https://www.protaxcommunity.com/u/monica)\ **Replies:** 10\ **Last updated:** [February 27, 2023, 9:24pm UTC](https://www.protaxcommunity.com/t/error-message-when-trying-to-transmit-a-t1135-for-a-trust-return/6592 "2023-02-27T21:24:37Z")
code 441 Your software needs an update. The date on the software is prior to the certified release date. Please contact your software developer to obtain an upgrade of your tax preparation software. If you require assist… --- ## [Online access](https://www.protaxcommunity.com/t/online-access/6515)
**Author:** [@james1](https://www.protaxcommunity.com/u/james1)\ **Replies:** 0\ **Last updated:** [February 7, 2023, 3:38pm UTC](https://www.protaxcommunity.com/t/online-access/6515 "2023-02-07T15:38:44Z")
I noticed that the new update has T3 returns attached to the online system, am I to assume Taxcycle will have some automated way to get access to this as well or are we going to have to do the authorization online? --- ## [Election under 164(6) - capital losses](https://www.protaxcommunity.com/t/election-under-164-6-capital-losses/4331)
**Author:** [@pfs](https://www.protaxcommunity.com/u/pfs)\ **Replies:** 26\ **Last updated:** [August 23, 2022, 3:24pm UTC](https://www.protaxcommunity.com/t/election-under-164-6-capital-losses/4331 "2022-08-23T15:24:34Z")
I am preparing a T3 Graduated Rate return with large capital losses. I have been told that capital losses can NOT be carried back to the final T1. However, my reading of section 164(6) seems to say that I can. Has anybo… [Next page](https://www.protaxcommunity.com/c/t3/18.md?page=1)