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T5008 not transferring properly to sched 4

#1 User is offline   Sasha1 Icon

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Posted 07 April 2011 - 12:27 AM

When entering a 50/50 split between spouses on the T5008 (bearer debt obligations - not capital) and the result is a sched 4 expense, the expense amount transfers only to the return the data entry is done on and not to the spouses return.
I have not phoned support so I have no idea if this is a known issue.
It seems to work fine if it's income or capital gain or loss.
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#2 User is offline   Peter@Intuit Icon

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Posted 07 April 2011 - 06:41 PM

View PostSasha1, on 06 April 2011 - 06:27 PM, said:

When entering a 50/50 split between spouses on the T5008 (bearer debt obligations - not capital) and the result is a sched 4 expense, the expense amount transfers only to the return the data entry is done on and not to the spouses return.
I have not phoned support so I have no idea if this is a known issue.
It seems to work fine if it's income or capital gain or loss.


Hi Sasha,

I was able to duplicate the issue. I see that the expense is reported in Part IV of Schedule 4 for the taxpayer, but it is not showing up for the spouse in a shared slip situation.

I will report this bug. Thanks for bringing this to our attention.

Peter
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