Known Issue: T2SCH7 Miscalculation on Lines 002 and 012

TaxCycle is incorrectly adding the allowable capital loss from T2 Schedule 6, Part 9, line 901 to line 002 of T2 Schedule 7, Part 1. This allowable capital loss should be reported on line 012 of T2 Schedule 7 instead.

Workaround

Manually override lines 002 and 012 on T2 Schedule 7 to correct the amounts. 

Anticipated Resolution

We will resolve this issue in the next TaxCycle update.