82(3) election transfer bug?

Bug Reports
1

Most of the time when an S82(3) election comes up it’s a standalone dividend (usualy private corp) but this one occurred on a T3 slip with other income on it.

Mrs A has a six-figure income; Mr A has a small income (student). Mrs A has a small dividend portion on a larger T3…the dividend is only a few hundred bucks, but electing under S82(3) saves about $50. Not the biggest, but it’s their money not the Feds’. :slight_smile:

However, selecting the option to elect following the advisory:

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…the entire T3 “appears” to transfer…sort of. As far as I can tell, the amounts all “show” on Mr A, including any notations, but only the dividend portion is calculated (correctly). What twigged me to the “presentation” is that Box 51/52 were both yellow on Mr A’s return…and those shouldn’t even show up.

Not a big deal, and easily overridable, but it did make me blink once or twice as how TC handles the election is not at all what I expected.

Weirdly: I went to recreate this issue after updating to 14.1.56212.0 and I can’t even generate the message above again…so I’m puzzled even more now.

2

I don’t know if it helps your situation at all, but whenever I encounter this I make sure that I enter the dividends as a separate slip… as if they came from the issuer on a separate T3.

Lets say I received a single T3 slip from Fidelity that included capital gains, foreign income, other income, and dividends on the slip. I would enter all of the amounts except for the dividends as one T3 slip then I would create another T3 slip and in the description put “dividends only” and record only the dividends on that slip in the software.

The subsection 82(3) has always worked out fine for me if enter any dividends as if they came on their own T3 slip.

1 Like
3

Excellent thought! Gonna try that RIGHT NOW!!!

4

That works fine! Interestingly I wonder if TC now simply does the transfer automagically because I can’t trigger that message…but the transfer still happens. I dunno, maybe I’m just overtired and overstressed…but the numbers work.