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greg_norkett
Returning Member

How to enter stock trades

I have a summary of stock trades or security transactions for 2020 and am wondering where to enter them in TurboTax Home and Business.

1 Reply
zo  mohammady
Level 6

How to enter stock trades

You may or may not have received T5008 slips for all the transactions shown on your T5008 "Statement". If your statement gives you a total of all your transactions, you can make one entry in TurboTax for all of them. 

You can choose to enter these transactions two different ways, 

  • by going to Income > T-Slips > T5008, and make your entry/entries on the T5008 slip page;
  • or in the Investment section. To enter here, go to Income > Investments > Capital Gains & Capital Gains Deduction Profile > and check the box next to Sold stocks, bonds, real estate, other capital property, and continue.

If you enter your T5008 slips (or use the CRA AutoFill feature to import) on the T-Slips page in TurboTax, do not enter them again under your Capital Gains & Capital Gains Deduction Profile, and vice-versa. Doing so will cause double reporting.

Further information:

T5008 Slip – Statement of Securities Transactions

 

Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance

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