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Investors and rental owners
Hello, I see this post was from 2 years ago and wonder how you or anyone else solved this problem. Two years later, I am experiencing the same issue and Turbotax seems to have no answer for it. The amounts on the T5008 slip are issued in $US and the Statement of Securities Transactions has no box or place for me to enter the exchange rate. I can manually convert the USD amounts to CDN, but then these numbers won't match the numbers on n the T5008 I received from the issuer. CRA might think that I am adding another T5008 transaction when it is actually just changing the foreign currency on the one slip.
I was able to speak to a representative last night when I called Turbotax for help The rep seemed pleasant but was unable to answer my question. I explained teh situation as I described above. The rep did not acknowledge the points I made - my question was quite clear, Apparently the rep had asked someone else. My email response from Turotax was: I can get the foreign currency exchange rates from Bank of Canada, and there was info on which rates I can use... I never asked how to obtain exchange rates. I clearly asked, where do I enter the exchange rate.
The rep was pleasant but Turbotax has a big problem if it can't answer the question that others have been asking for years. Why can't they correct it? I've used Turbox for many years and never had any major issues. I was not happy with whoever 'pretended' to misunderstand my question last night.