I have my 200+ trades converted at the daily CRA exchange rate. When I change the T5008 data submitted by TD/ToS to include both book value and disposition amounts which are NET( TD submits only GROSS disposition values in USD) and converted into CAD the day rate, CRA will not be able to reconcile against TD/ToS submission. If CRA were to inquire, I have a detailed 15 page excel spreadsheet report to back my submission up.
Will Turbotax please include T5008 BOX 13, convert using CRA USD Rate, or provide user option of entering exchange rate so Foreign T5008 converted to CDN automatically? I have over 500 transactions to type into a spreadsheet, convert to USD, and then re-type into Turbotax. Why not include a field to convert automatically?
I agree this part of TurboTax needs to have better features.
I autofilled from CRA and all the values are numerically correct, but a mix of CDN and USD values. And no indication which one is which! I have to compare them to the trading record the bank sent with my T5, T5008.
A way to download the T5008 entries from Turbotax into a csv file is needed; a way to upload entries from a csv file and add to what's already in the t5008 list is needed, and a command to wipe out the entire T5008 list (in preparation for uploading the new csv file with all the entries and currencies converted).
There isn't any way to get just the T5008 form either so we can't somehow extract what is already entered. Can't save as a pdf yet either, which could have been converted to text to extract the T5008 data.
This is one of the most awkward things in TT.