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Level 1
posted Apr 7, 2023 10:36:06 AM

I used Auto-fill to import T slips from CRA, one T5008 is USD however Turbotax imported it as CAD. Please advise how to correct.

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1 Best answer
Level 4
Apr 7, 2023 8:08:31 PM

According to Canada Revenue Agency (CRA), T5008 should be reported in all amounts in Canadian currency. Therefore, if there is an exchange rate listed in Box 13 of your T5008, it is used to calculate the Canadian dollars you need to report.

 

For more information, please see TurboTax webpage: T5008 Slip- Statement of Securities Transactions

and CRA webpage: T5008 Slip

 

Thank you for choosing TurboTax.

1 Replies
Level 4
Apr 7, 2023 8:08:31 PM

According to Canada Revenue Agency (CRA), T5008 should be reported in all amounts in Canadian currency. Therefore, if there is an exchange rate listed in Box 13 of your T5008, it is used to calculate the Canadian dollars you need to report.

 

For more information, please see TurboTax webpage: T5008 Slip- Statement of Securities Transactions

and CRA webpage: T5008 Slip

 

Thank you for choosing TurboTax.