I have over 150 unique option trades from a dozen companies using vertical spreads. Whats the best way to record my gains. T5008 or the capital gains section. Explain.

I trade derivatives (stock options) like vertical spreads and iron condors. Over the year I have over 150 unique entries covering a dozen or so companies. It's 6 pages of T5008.

How can I easily report my capital gains without having to manually enter each unique trade. Use the T5008 and add up the box 20's and 21's or can I use the capital gains section?

1580

1 Best answer

New Member

Oct 30, 2019 11:39:51 AM

Use the Capital Gains section and simply record the aggregate of your Proceeds, ACB and outlays. Then keep your records for follow up should CRA ever ask to see a break down.

New Member

Oct 30, 2019 11:39:51 AM

Use the Capital Gains section and simply record the aggregate of your Proceeds, ACB and outlays. Then keep your records for follow up should CRA ever ask to see a break down.

Why sign in to the Community?

I have over 150 unique option trades from a dozen companies using vertical spreads. Whats the best way to record my gains. T5008 or the capital gains section. Explain.