Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

CRA autofilled my T5008's but when I enter book value it reduces my capital gains by half - my paper summary proves this is wrong. what do i do?

 
1 Reply

CRA autofilled my T5008's but when I enter book value it reduces my capital gains by half - my paper summary proves this is wrong. what do i do?

Enter the book value in the T5008 entry page. This should accurately calculate your capital gains [Book Value - Proceeds of Disposition]. Don't forget to enter Outlays and Expenses if you have them. Only 50% of your capital gains are taxed.