When we input the T5 which is joint and we are income splitting, do we each put in the full amount (which seems like we have double the investment money)

[soconnor4]

example: if the joint t5 is $14000. do we both input $14000 on each individual return?

[TurboTaxSamar · Accepted solution]

You will need to enter the full amount on both returns, but there is a box on the T5 where you can allocate a percentage of the income to your spouse. This will automatically calculate your income from the T5 based on the percentage entered so as to prevent double-taxing you and your spouse.