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How do I enter a T5 that has income for both my wife & myself? does it have to be entered on both returns with the appropriate %?
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October 29, 2019
7:56 PM
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Self-employed
You can enter it in one return and specify the percentage. For example, if you and your wife have a T5 which has $200 in box 13 (interest from Canadian source), in Forms mode T5 slip, you can enter 50% (or any appropriate %) for your percentage and 200 in box 13. TurboTax will calculate your spouse's percentage and divide the $200 accordingly. In this example, $100 each. You can check it in T1 General, line 121 (or schedule 4).
October 29, 2019
7:56 PM