I donated mutual funds in kind to a charitable organization. A T5008 was generated indicating a substantial capital gain, which is non-taxable. CRA indicates that I need to fill out form T1170 to ensure that I do not pay tax on this capital gain. However, TurboTax does not include the T1170 form. How do I e-file with TurboTax and not pay the tax on this capital gain? I see no way to do it. Thanks for any help!
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Thanks.
Thank you very much. I have now done this. However, the T5008 slip details are still in my return, so it did not make any difference to my amount owing. Should I just delete the T5008? Will this be a flag to CRA?
Hi,
Remove the T5008 slip as it is now a duplicate entry.
Very helpful. Thank you!
Billmoses
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dtaylormac
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burgespc
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