Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 25, 2022 7:11:04 PM

For foreign currency capital gain and loss reporting,it asks to choose from pull-down menu, and it doesn't have choice for foreign currency only?so which one is it?

0 1 341
1 Best answer
Level 4
Apr 29, 2022 12:41:00 PM

As the Canada Revenue Agency (CRA) asks you to report your foreign currency exchange on lines 15199 and 15300, the equivalent on TurboTax Online for these line items are "Bonds/Other Properties". That would be the type you choose from the pull-down menu.

For more information, check out: Canada Revenue Agency (CRA) - Foreign Currencies

 

Thank you for choosing TurboTax.

1 Replies
Level 4
Apr 29, 2022 12:41:00 PM

As the Canada Revenue Agency (CRA) asks you to report your foreign currency exchange on lines 15199 and 15300, the equivalent on TurboTax Online for these line items are "Bonds/Other Properties". That would be the type you choose from the pull-down menu.

For more information, check out: Canada Revenue Agency (CRA) - Foreign Currencies

 

Thank you for choosing TurboTax.