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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?

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Accepted Solutions
TurboTax-Terry
New Member

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.

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.

View solution in original post

1 Reply
TurboTax-Terry
New Member

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.

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.

View solution in original post

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