HandiTax allows you to enter capital gains and/or losses into the Capital Gains Worksheet without transaction details. This will make data entry easier when you have taxpayers that have capital gains events and you keep your taxpayer's data in the form of a spreadsheet and wish to input the figures into the worksheet to use the automatic transfer feature to the Capital Gains Tax Schedule.
Use Discount/Indexation field? needs to be completed (where applicable), to enable the program to calculate and transfer the correct amount to the Capital Gains Tax Schedule. Enter D for Discount or I for Indexation, or leaving the field blank will transfer the amount to Other Capital Gains.
Net Capital Gains manual entry - Enter the description, Asset category - (S, X, U, Y, R, Z, T, C, O, or D), Net Capital Gain/Loss amount, L if the amount is a loss.
The Application of Losses section also needs to be completed (where applicable), to enable the program to allocate the available capital losses against any capital gains made during the course of the year.