lemoen
New Member

Can I enter foreign capital gains under Foreign Income (T-slips) if I do not have a tax slip? (Capital Gains resulted from selling foreign property)

Another option is to enter it under Investments - Capital Gains, but I already paid taxes on the Gain in the foreign country, and only Foreign Income section allows to enter taxes already paid.

Investors and rental owners

Yes, capital gain from foreign should be entered in the foreign income slip if tax has already been paid on it so that you would not be double-taxed. If you have been charged tax by the country where you sold the investment, you may be able to avoid double taxation through the federal foreign tax credit. 
For more information on foreign tax credits please go to this page of TurboTax: - Taxes From Selling Foreign Investments
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