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: 
cpolowek
New Member

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?
1 Reply

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

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

 

Thank you for choosing TurboTax.