Required date on T5008 that was not supplied

Trisnam

So from previous posts I see here not having a date supplied I can just enter one within the year as it is a formality to do so. But why if it is a formality to enter a date am I paying more taxes this year after entering a date? I tried a 01/01/2024 and 31/12/2024 on all T5008 entries and in both cases I am paying more taxes? If the rate changes are not occurring this year then I should not be seeing a difference post entry of a date on all T5008s?

Trisnam

Bump, still hoping for an answer here

TurboTaxSusan

The date doesn't matter, but you need to enter the date to make sure the capital gains on your T5008 goes to Schedule 3 properly. If you don't put a date then the T5008s are not properly included in your tax return calculations.

Thank you for choosing TurboTax.

Trisnam

Okay but the big question WAS why am I paying more taxes now on this? If the increases were not taking effect this year then why when I put a date in regardless of what date that was, why did I owe more? thanks

Required date on T5008 that was not supplied

After you file

After you file

After you file