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amsuper1
New Member

We have owned US stocks more than the threshold, how to file T1135? Are they belonging to Section 7?

 
1 Reply
zo  mohammady
Level 6

We have owned US stocks more than the threshold, how to file T1135? Are they belonging to Section 7?

To complete Form T1135 in TurboTax Online, select Find (the magnifying glass icon). Type “foreign” in the search bar. Select Foreign Income Verification Statement (T1135) from the list, then click “Go”. Follow the instructions on the Foreign Income Verification Statement (T1135) screens to enter your information.

 

TurboTax will automatically select the Section based on what you enter for the property type. Section 7 is “Property held in an account with a Canadian registered securities dealer or a Canadian trust company”.

 

Please see this TurboTax FAQ for more information on Form T1135: How do I declare foreign property in TurboTax?

 

If you have TurboTax Live Assist & Review, see this TurboTax FAQ to learn how to talk to a Tax Expert or book a review: In TurboTax Live Assist & Review, how do I talk to a tax expert?

 

Thank you for choosing TurboTax.

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