b-kiz
New Member

Investors and rental owners

@Martine@TurboTax I spoke with CRA agent 01825PRA today who advised me that the loss from a short-sale of securities should be reported on Line 130 as "Other Income". This is confirmed by CRA Interpretation Bulletin IT-479R #18 which sales the gain or loss from a short sale is considered to be on the income account.
However TurboTax does not let me enter a negative number on the Other Income page, for Line 130. Please advise how to enter this. The CRA agent confirmed that reporting the loss will be disallowed under Line 121 or Line 221. Thank you