How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

rmccormick1 · ‎November 13, 2020

TurboTaxBrenda1 · ‎November 16, 2020

You will just need to enter your T5 slip.

rmccormick1 · ‎November 16, 2020

This is where the problem lies. When I add my T5 it shows that I had 8,000 of additional income. However, I did not have additional income. I actually lost some money on the silver but I don't want to bother doing a capital loss as I lost most of my paper work when I moved last year. I just don't want to pay tax that I shouldn't be paying.

TurboTaxBrenda1 · ‎November 16, 2020

Do you have a T5 or a T5008?

TurboTaxBrenda1 · ‎November 16, 2020

https://turbotax.intuit.ca/tips/t5-tax-form-statement-of-investment-income-in-canada-395

rmccormick1 · ‎November 16, 2020

T5008

TurboTaxBrenda1 · ‎November 16, 2020

Then you can reduce it by entering the cost or Adjusted Cost Base

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How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

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How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.

How do I handle the sale of silver bullion that was not a capital gain or loss but I have a T slip showing income for it.