I use T5008 and Capital Gains Losses calc too

doug-gouley · ‎October 30, 2019

RE: Using EASY STEP Premiun Edition - auto calc of Capital Gains Losses I entered T5008 all boxes and checked Captial gain. TB says I owe $2K I then, later on in the process, enter same info on TB "Capital Gains Losses" sheet to use last year losses to reduce taxes, and then TB says I owe $ 4.6 K ??? DO I REALLY have to enter the Proceeds of Dispositon (gain ) and Book Value twice -- seem like that doubles my tax owed ????

TurboTax-Terry · ‎October 30, 2019

You enter the 2017 T5008 only once, no other entry is required. If you are carrying forward losses from 2016 you will enter those under "Deductions & Credits" > "Losses" and "Net Capital Loss carry forward.

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I use T5008 and Capital Gains Losses calc too

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