I have prepared a couples return who sold their principal residence in 2024. In Taxcycle it is properly reporting the 50% owner’s disposition of one spouse on the T2091 but nothing is generating for the other spouse. Any way to fix this issue apart from an override?
Did you report it to the primary taxpayer or to the spouse? If all fails, report it in both.
It is reported on the higher income spouse, but they have had 50/50 ownership from date of purchase. Taxcycle is reporting the disposition as 50/50 properly, it is just not generating the T2091 correctly for the other spouse. I am thinking I will have to override the T2091 so it reports correctly unless someone knows how to get taxcycle to generate both T2091’s. Any assist is appreciated.