Investments topics https://turbotax.community.intuit.ca/community/investments/help/02/154 Investments topics Wed, 30 Sep 2020 18:51:20 GMT 154 2020-09-30T18:51:20Z There are not enough lines to enter all my capital gains on Schedule 3? https://turbotax.community.intuit.ca/community/investments/help/there-are-not-enough-lines-to-enter-all-my-capital-gains-on-schedule-3/01/873502#M4 You may have more capital gains to report than there is space provided on the S3 tax form. If that is the case, you will need to include any additional capital gain amounts on the S3-Supplementary Statement form, which you can find via the instructions below. Note: This is only available using the Forms method on CD/Download versions of TurboTax. To open the S-3 Supp. form Go to the Forms view by clicking on the corresponding icon in the upper toolbar. From the View menu, select Find Form. The form lookup dialogue box opens. Under Keyword to Search for, type in S3. Select the S3-Supp form. Click OK. The Schedule 3 Supplemental Statement opens. Enter the remainder of your capital gains. Related information: What are capital gains and losses? How do I split capital gains between spousal returns? Where do I report capital gains and losses? The amount of capital gains is doubled in TurboTax. How do I fix it? Thu, 10 Sep 2020 10:57:43 GMT https://turbotax.community.intuit.ca/community/investments/help/there-are-not-enough-lines-to-enter-all-my-capital-gains-on-schedule-3/01/873502#M4 TurboTax Support 2020-09-10T10:57:43Z The amount of capital gains from my T5008 is doubled in TurboTax. How do I fix this? https://turbotax.community.intuit.ca/community/investments/help/the-amount-of-capital-gains-from-my-t5008-is-doubled-in-turbotax-how-do-i-fix-this/01/873519#M3 You may have entered the capital gains info from your T5008 twice - once in the T5008 entry step and again in the Investment Profile section. You only need to enter your T5008 info in the T5008 step; typically, only non-slip based capital gains info is entered in the Investment Profile section. To remove the T5008 info duplicated in the Investment Profile section: In the upper-right corner of your screen, select Find*. In the Find window, type Investments and then select Go. On the Your Investments Profile screen, make sure you have checked the Capital Gains or Losses (shares, properties, etc.) On the Capital Gains Profile screen, make sure you have checked the Sold stocks, bonds, real estate or other capital property checkbox and then select Continue. Delete the information that is entered in the Capital Gains (or Losses) section of the interview that was also entered through the T5008 entry step. Thu, 10 Sep 2020 10:58:09 GMT https://turbotax.community.intuit.ca/community/investments/help/the-amount-of-capital-gains-from-my-t5008-is-doubled-in-turbotax-how-do-i-fix-this/01/873519#M3 TurboTax Support 2020-09-10T10:58:09Z How do I report the sale of cryptocurrency on my taxes? https://turbotax.community.intuit.ca/community/investments/help/how-do-i-report-the-sale-of-cryptocurrency-on-my-taxes/01/873771#M2 Most people who've bought and sold cryptocurrency (like Bitcoin, Litecoin, Ripple, Ethereum and Monero, etc.) are trading it as an investment. If you are trading digital currency as an investment, any gains (or losses) are reported on your tax return as a capital gain (or loss), just like stocks or gold. Here's how you enter your capital gains (or losses): In the upper-right corner of your screen, select Find*. In the Find window, type capital Gains and select Go. On the Your Capital Gains Profile step, check the option Sold stocks and select Continue. On the Capital Gains step, enter your amounts and select Continue. Note: If like many cryptocurrency investors, you sold less than 1 unit of the currency, leave the '# of units for shares or face value' field blank. It's not required. Related Information How Bitcoins Might Impact Your Income Taxes CRA: Digital Currency Thu, 10 Sep 2020 11:10:59 GMT https://turbotax.community.intuit.ca/community/investments/help/how-do-i-report-the-sale-of-cryptocurrency-on-my-taxes/01/873771#M2 TurboTax Support 2020-09-10T11:10:59Z Where do I report capital gains or losses in the online edition of TurboTax? https://turbotax.community.intuit.ca/community/investments/help/where-do-i-report-capital-gains-or-losses-in-the-online-edition-of-turbotax/01/873778#M1 Capital gains or losses reported on T5008, T5, T3, T4PS, T5013 slips Select Findin the upper-right area of TurboTax. Type the name of your T-slip in the Find window (for example, type "T5008"). Select the name of your T-slip from the list of results (the Find tool highlights the closest match in a list of results), then select Go. Enter the amount on the slip directly into the TurboTax page dedicated to that slip. Capital gains or losses not reported on a T-slip Before you begin: Make sure you determine the type of your capital property, and calculate your proceeds of disposition and adjusted cost base. Select Find in the upper-right area of TurboTax. Type “Capital Gains” in the Find window. Select Capital Gains and Capital Gains Deduction Profile from the search results, then select Go. On the Your Capital Gains Profile for 20xx step, follow the instructions to report your gains or losses. How to see capital gains reported on your tax return Select Find in the upper-right area of TurboTax. Type “Bottom line” in the Find window. Select Bottom Line (Tax Summaries) from the search results, then select Go. On the Let’s Review Your Numbers step, select Detailed tax summary(bottom-left area). Gains are listed on the line for Taxable capital gains. For more information about this li... Thu, 10 Sep 2020 11:11:13 GMT https://turbotax.community.intuit.ca/community/investments/help/where-do-i-report-capital-gains-or-losses-in-the-online-edition-of-turbotax/01/873778#M1 TurboTax Support 2020-09-10T11:11:13Z
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There are not enough lines to enter all my capital gains on Schedule 3?
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https://turbotax.community.intuit.ca/community/investments/help/there-are-not-enough-lines-to-enter-all-my-capital-gains-on-schedule-3/01/873502#M4
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You may have more capital gains to report than there is space provided on the S3 tax form. If that is the case, you will need to include any additional capital gain amounts on the S3-Supplementary Statement form, which you can find via the instructions below. Note: This is only available using the Forms method on CD/Download versions of TurboTax. To open the S-3 Supp. form Go to the Forms view by clicking on the corresponding icon in the upper toolbar. From the View menu, select Find Form. The form lookup dialogue box opens. Under Keyword to Search for, type in S3. Select the S3-Supp form. Click OK. The Schedule 3 Supplemental Statement opens. Enter the remainder of your capital gains. Related information: What are capital gains and losses? How do I split capital gains between spousal returns? Where do I report capital gains and losses? The amount of capital gains is doubled in TurboTax. How do I fix it?
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The amount of capital gains from my T5008 is doubled in TurboTax. How do I fix this?
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https://turbotax.community.intuit.ca/community/investments/help/the-amount-of-capital-gains-from-my-t5008-is-doubled-in-turbotax-how-do-i-fix-this/01/873519#M3
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You may have entered the capital gains info from your T5008 twice - once in the T5008 entry step and again in the Investment Profile section. You only need to enter your T5008 info in the T5008 step; typically, only non-slip based capital gains info is entered in the Investment Profile section. To remove the T5008 info duplicated in the Investment Profile section: In the upper-right corner of your screen, select&nbsp;Find*. In the Find window, type Investments and then select Go. On the&nbsp;Your Investments Profile&nbsp;screen, make sure you have checked the&nbsp;Capital Gains or Losses (shares, properties, etc.) On the&nbsp;Capital Gains Profile screen, make sure you have checked the Sold stocks,&nbsp;bonds, real estate or other capital property checkbox and then select Continue. Delete the information that is entered in the Capital Gains (or Losses) section of the interview that was also entered through the T5008 entry step.
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<pubDate>Thu, 10 Sep 2020 10:58:09 GMT</pubDate>
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<dc:creator>TurboTax Support</dc:creator>
<dc:date>2020-09-10T10:58:09Z</dc:date>
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<title>
How do I report the sale of cryptocurrency on my taxes?
</title>
<link>
https://turbotax.community.intuit.ca/community/investments/help/how-do-i-report-the-sale-of-cryptocurrency-on-my-taxes/01/873771#M2
</link>
<description>
Most people who've bought and sold cryptocurrency (like Bitcoin, Litecoin, Ripple, Ethereum and Monero, etc.) are trading it as an investment. If you are trading digital currency as an investment, any gains (or losses) are reported on your tax return as a capital gain (or loss), just like stocks or gold. Here's how you enter your capital gains (or losses): In the upper-right corner of your screen, select Find*. In the Find window, type capital Gains and select Go. On the Your Capital Gains Profile step, check the option Sold stocks and select Continue. On the Capital Gains step, enter your amounts and select Continue. Note: If like many cryptocurrency investors, you sold less than 1 unit of the currency, leave the '# of units for shares or face value' field blank. It's not required. Related Information How Bitcoins Might Impact Your Income Taxes CRA: Digital Currency
</description>
<pubDate>Thu, 10 Sep 2020 11:10:59 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments/help/how-do-i-report-the-sale-of-cryptocurrency-on-my-taxes/01/873771#M2
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<dc:creator>TurboTax Support</dc:creator>
<dc:date>2020-09-10T11:10:59Z</dc:date>
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<title>
Where do I report capital gains or losses in the online edition of TurboTax?
</title>
<link>
https://turbotax.community.intuit.ca/community/investments/help/where-do-i-report-capital-gains-or-losses-in-the-online-edition-of-turbotax/01/873778#M1
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Capital gains or losses reported on T5008, T5, T3, T4PS, T5013 slips Select&nbsp;Findin the upper-right area of TurboTax. Type the name of your T-slip in the Find window (for example, type "T5008"). Select the name of your T-slip from the list of results (the Find tool highlights the closest match in a list of results), then select&nbsp;Go. Enter the amount on the slip directly into the TurboTax page dedicated to that slip. Capital gains or losses not reported on a T-slip Before you begin:&nbsp;Make sure you&nbsp;determine the type of your capital property, and calculate your proceeds of disposition and adjusted cost base. Select&nbsp;Find&nbsp;in the upper-right area of TurboTax. Type “Capital Gains” in the Find window. Select&nbsp;Capital Gains and Capital Gains Deduction Profile&nbsp;from the search results, then select&nbsp;Go. On the&nbsp;Your Capital Gains Profile for 20xx&nbsp;step, follow the instructions to report your gains or losses. How to see capital gains reported on your tax return Select&nbsp;Find&nbsp;in the upper-right area of TurboTax. Type “Bottom line” in the Find window. Select&nbsp;Bottom Line (Tax Summaries)&nbsp;from the search results, then select&nbsp;Go. On the&nbsp;Let’s Review Your Numbers&nbsp;step, select&nbsp;Detailed tax summary(bottom-left area). Gains are listed on the line for Taxable capital gains. For more information about this li...
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https://turbotax.community.intuit.ca/community/investments/help/where-do-i-report-capital-gains-or-losses-in-the-online-edition-of-turbotax/01/873778#M1
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