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aznapple
New Member

Canadian 2018 Tax: How do I paydown a capital gains reserve from prior years (i.e., 2017)? Thanks!

I believe this is done on Form T2017 Lines 6696 (Reserve from 2017) and 6699 (Reserve remaining after 2018). For example...say I have a $3,000 reserve remaining after 2017 and the 20% payment per year would entail $750.

Does this mean I insert $3,000 into Line 6696 and insert $2,250 into Line 6699? The difference would be the $750 required per year.

Thanks in advance!

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1 Reply
Anita01
New Member

Canadian 2018 Tax: How do I paydown a capital gains reserve from prior years (i.e., 2017)? Thanks!

You are currently in the US tax forum.  The Canadian forum is here:

0https://turbotax.community.intuit.ca/tax-help

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