3320828
Turbotax pulled all T5008 slips from CRA. One of them is for sale of shares in a non-registered account that was contributed to TFSA in kind.
Can you confirm that I should not be including this particular T5008 (it was a capital loss) in my return?
Thanks
Yes, you should include the T5008. If you sold shares in a non-registered account, you can claim the loss. What you did with the proceeds doesn't matter.
Just to be clear, the shares in the non-registered account was contributed into TFSA. So I am not sure they are technically "sold". It is not like I sold them and then contributed the cash to TFSA. And then bought same shares in TFSA.
There was a T5008 slip pulled in by Turbotax regardless. I need guidance on whether I should include it in my return or not. Also, if I need to include it, how do I pull that in again from CRA?
Thank you very much for quick responses, I appreciate them
What you did with the money after disposing of the shares doesn't matter, because you still had a disposition from a non-registered account. The rules for TFSA, RRSP or other registered account don't apply to this transaction.
If you need to get the slip back, you can run Auto-Fill again, or just manually enter it on the T5008 page.
wlee8
Returning Member
ryanacole
New Member
TWong
Level 1
HatchS
Returning Member
gtrk
New Member
©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Security Certification of the TurboTax Online application has been performed by C-Level Security.
By accessing and using this page you agree to the Terms of Use.
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.