Menu

Known Issue: T3SCH12 Incorrectly Halving Non-Capital Loss on Line 29

We are aware of an issue where TaxCycle is incorrectly halving the non-capital loss amount on line 29 of Schedule 12 for T3 returns with Alternative Minimum Tax (AMT) and a reported non-capital loss.

Workaround

Override the amount on line 29 of the S12 to the amount in the Applied column from the Non-Capital Loss (NonCapLoss) worksheet. 

Anticipated Resolution

We will resolve this issue in the next TaxCycle update.