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rutsyi631
Level 1

Borrow fees from short sale - how to report pls?

Hi all,

I have shorted some stocks during 2020FY: Aurora Cannabis and Canopy Growth.

To do a short sale of these stocks I borrowed them from my broker. The broker charged me borrow fees = stock lending fees. Sometime people also call this fee as 'interest for borrowing stocks'. My broker calls it 'CAD Borrow Fees' and they sit in the 'Interest' section of my annual trading report.

 

The amount is not small. How do I report it in TurboTax please?

 

Even though it might be called 'interest', it is in fact no related to any investment per se. So not like a bond interest. So I am uncertain if that is part of my capital gain/loss or carrying fees or something else.

 

Thank you.

 

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