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Where do i enter a T5008/RL-18 in US funds or US stock trade, how do I enter it in US dollars.
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Where do i enter a T5008/RL-18 in US funds or US stock trade, how do I enter it in US dollars.
All income is to be reported in CDN$ at the exchange rate at the time of the transaction.
- Bank of Canada Exchange rate: https://bit.ly/2EK9WJC
For more information see below:
- T5008 -Statement of securities transactions: https://bit.ly/2TocUvr
- From TurboTax FAQ on how to enter a T5008 - https://turbotax.community.intuit.ca/replies/2647749
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Where do i enter a T5008/RL-18 in US funds or US stock trade, how do I enter it in US dollars.
All income is to be reported in CDN$ at the exchange rate at the time of the transaction.
- Bank of Canada Exchange rate: https://bit.ly/2EK9WJC
For more information see below:
- T5008 -Statement of securities transactions: https://bit.ly/2TocUvr
- From TurboTax FAQ on how to enter a T5008 - https://turbotax.community.intuit.ca/replies/2647749
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Where do i enter a T5008/RL-18 in US funds or US stock trade, how do I enter it in US dollars.
If you have a lot of stock trades in US dollars and you have to create a spreadsheet to enter every trade - then convert to Canadian - then manually enter every trade again into TurboTax you have to wonder if you should be looking for another tax software package
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Where do i enter a T5008/RL-18 in US funds or US stock trade, how do I enter it in US dollars.
If you are reporting income you received from the United States, you should be using the 2018 US Average of 1.2957 to convert the amount to Canadian dollars.
The Bank of Canada also has a currency converter which you can find here: https://www.bankofcanada.ca/rates/exchange/currency-converter/
View solution in the original post
bankofcanada.ca
Convert from Canadian dollars based on daily exchange rates.
turbotax.community.intuit.ca
If you are reporting income you received from the United...
If you are reporting income you received from the United States, you should be using the 2018 US Average of 1.2957 to convert the amount to Canadian dollars. The Bank of Canada also has a currency converter which you can find here: https://www.bankofcanada.ca/rates/exchange/currency-converter/
You may click here for additional information: https://turbotax.community.intuit.ca/community/other-income/help/how-do-i-report-foreign-income-fore...