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RESOLVED: Incorrect Amount in Box 25 in TaxCycle T3

In TaxCycle T3, when an automatic allocation method is selected, the allocation to beneficiaries is incorrectly including foreign capital gains in box 25 (Foreign non-business income) when it is already included in box 21.

Screen Capture: Box 25 on the T3Ben

Screen Capture: Box 25 on the T3Ben

Workaround

Override the amount allocated to the beneficiary for box 25 to exclude the foreign capital gain amount, or use a manual allocation method.

Resolution

We resolved this issue in the latest TaxCycle release.