Hi,
I am a Canadian resident. I had some extra (equivalent to about CAD$10,000) funds in South Korea's bank account. I invested in US stocks through online trade but ended up losing CAD$4,000 in 2021. I need to report this capital loss in Canada's tax report. In South Korea's bank, there are no official tax slips like T5008 but showed a tax summary webpage calculating a total capital gain or loss in 2021 with individual stock sales transactions in Korean currency. It says that I don't need to report it to South Korea's tax return report as there was no gain.
Where in turbotax do I need to put this information?
I thought that I can input these transactions using a Korean bank's tax summary webpage by converting amounts to CAD as a non-slip based transcations in Schedule 3. Is this correct?
I see that I can select under "Your capital gains profile for 2021 --> Sold stocks, bonds, cryptocurrency~~"
Or should I do this under "Foreign income" section where I can only record total capital gain or loss without stock trade information but I don't have an official tax slip.
As T5008 slips were provided for transactions in the Canadian bank, these stock sales were recorded in the T slip income section.
Thank you very much for your help in advance.
Charles
