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New Member
posted Oct 30, 2019 3:53:41 AM

T5008 SLIPS PROCEEDS (BOX21) are being counted as income, when only the capital gains should be income. How do I correct this?

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1 Best answer
Level 6
Oct 30, 2019 3:53:43 AM

Thank you for your question.

You will want to make sure that for each slip that box 20, cost value, is entered. This is what allows the program to calculate the gain between cost and selling proceeds.

2 Replies
Level 6
Oct 30, 2019 3:53:43 AM

Thank you for your question.

You will want to make sure that for each slip that box 20, cost value, is entered. This is what allows the program to calculate the gain between cost and selling proceeds.

New Member
Oct 30, 2019 3:53:44 AM

The turbo tax automatically added it as income....where do you put box 20