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Investors and rental owners
Good to know that TurboTax doesn't do currency conversions. That explains why there's no "Box 27" (currency) on the T5 slip.
Here's my problem, though. I downloaded all of my investment income slips from CRA. The T5 was for an investment in my USD account, and was in $USD, with USD in Box 27. Turbotax accepted that, but just ignored the currency hence I would have been reporting a $USD amount as $CAD and so underreporting my income. Shouldn't TurboTax at least be warning me that it's up to me to convert all of those amounts to $CAD?
‎April 25, 2024
11:23 AM