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New Member
posted May 7, 2021 3:41:39 PM

How do I enter a capital loss for shares that I redeemed? I do not have a tax slip from the CRA for this.

I entered the redemption amount in the "proceeds of disposition" field and the original value of the shares in the "adjusted cost base" field.  Is this correct?

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Level 4
Apr 10, 2022 5:43:40 PM

On TurboTax Online,

> You will enter the amount received for the sale under "proceeds of disposition",

> Original value of shares plus any transaction fee for the purchase in "Adjusted Cost Base",

> And lastly any expenses and transaction fees associated with the sale in "Outlays and Expenses".

 

You're correct in the original inputs stated but make sure to include all transaction fees. For more information:

How to Calculate a Capital Gain or Loss

 

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