How do I report T5 T3 and T5008 income on inherited estate monies that are split between two people but Tax forms only made out to one person?

[TurboTaxBrenda1]

The person whose name these slips are made out to will need to claim them. 

You'll need to enter the information from every T-Slip you receive. There is different information on the slips, although it would appear they relate to the same investment.

• The T3 - Statement of Trust Income Allocations and Designations slip shows capital gains at the fund level based on your fund manager buying and selling. (or activity in account).
• The T5 - Statement of Investment Income slip can include interest, dividends, and certain foreign income.

• The T5008 or December 31st account statement shows capital gains based on YOUR buys and sells. (usually only received when you sell or cash out).

If you are issued any of these slips, you need to report them. Once your taxes are completed you will be able to discuss the outcome with the others who inherited the estate and make arrangements between all of you- when it comes to payments, this is not something we can assist with.