topic I use T5008 and Capital Gains Losses calc too in Getting started https://turbotax.community.intuit.ca/community/getting-started/discussion/i-use-t5008-and-capital-gains-losses-calc-too/01/914519#M7593 <P>RE: Using EASY STEP&nbsp; Premiun Edition -&nbsp; auto calc of Capital Gains Losses&nbsp; I entered T5008 all boxes and checked Captial gain.&nbsp;&nbsp; TB says I owe $2K&nbsp; I then, later on in the process, enter same info on TB "Capital Gains Losses" sheet to use last year losses to reduce taxes,&nbsp; and then TB says I owe $ 4.6 K&nbsp;&nbsp; ???&nbsp;&nbsp; DO I REALLY have to enter the Proceeds of Dispositon (gain ) and&nbsp; Book Value twice -- seem like that doubles my tax owed ????<BR /></P> Wed, 30 Oct 2019 17:08:47 GMT doug-gouley 2019-10-30T17:08:47Z I use T5008 and Capital Gains Losses calc too https://turbotax.community.intuit.ca/community/getting-started/discussion/i-use-t5008-and-capital-gains-losses-calc-too/01/914519#M7593 <P>RE: Using EASY STEP&nbsp; Premiun Edition -&nbsp; auto calc of Capital Gains Losses&nbsp; I entered T5008 all boxes and checked Captial gain.&nbsp;&nbsp; TB says I owe $2K&nbsp; I then, later on in the process, enter same info on TB "Capital Gains Losses" sheet to use last year losses to reduce taxes,&nbsp; and then TB says I owe $ 4.6 K&nbsp;&nbsp; ???&nbsp;&nbsp; DO I REALLY have to enter the Proceeds of Dispositon (gain ) and&nbsp; Book Value twice -- seem like that doubles my tax owed ????<BR /></P> Wed, 30 Oct 2019 17:08:47 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/i-use-t5008-and-capital-gains-losses-calc-too/01/914519#M7593 doug-gouley 2019-10-30T17:08:47Z You enter the 2017 T5008 only once, no other entry is req... https://turbotax.community.intuit.ca/community/getting-started/discussion/you-enter-the-2017-t5008-only-once-no-other-entry-is-req/01/914520#M7594 <P>You enter the 2017 T5008 only once, no other entry is required. If you are carrying forward losses from 2016 you will enter those under "Deductions &amp; Credits" &gt; "Losses" and "<B>Net Capital</B> Loss carry forward.&nbsp;</P> Wed, 30 Oct 2019 17:08:48 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/you-enter-the-2017-t5008-only-once-no-other-entry-is-req/01/914520#M7594 TurboTax-Terry 2019-10-30T17:08:48Z
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topic I use T5008 and Capital Gains Losses calc too in Getting started
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https://turbotax.community.intuit.ca/community/getting-started/discussion/i-use-t5008-and-capital-gains-losses-calc-too/01/914519#M7593
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<P>RE: Using EASY STEP&nbsp; Premiun Edition -&nbsp; auto calc of Capital Gains Losses&nbsp; I entered T5008 all boxes and checked Captial gain.&nbsp;&nbsp; TB says I owe $2K&nbsp; I then, later on in the process, enter same info on TB "Capital Gains Losses" sheet to use last year losses to reduce taxes,&nbsp; and then TB says I owe $ 4.6 K&nbsp;&nbsp; ???&nbsp;&nbsp; DO I REALLY have to enter the Proceeds of Dispositon (gain ) and&nbsp; Book Value twice -- seem like that doubles my tax owed ????<BR /></P>
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<title>I use T5008 and Capital Gains Losses calc too</title>
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https://turbotax.community.intuit.ca/community/getting-started/discussion/i-use-t5008-and-capital-gains-losses-calc-too/01/914519#M7593
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<P>RE: Using EASY STEP&nbsp; Premiun Edition -&nbsp; auto calc of Capital Gains Losses&nbsp; I entered T5008 all boxes and checked Captial gain.&nbsp;&nbsp; TB says I owe $2K&nbsp; I then, later on in the process, enter same info on TB "Capital Gains Losses" sheet to use last year losses to reduce taxes,&nbsp; and then TB says I owe $ 4.6 K&nbsp;&nbsp; ???&nbsp;&nbsp; DO I REALLY have to enter the Proceeds of Dispositon (gain ) and&nbsp; Book Value twice -- seem like that doubles my tax owed ????<BR /></P>
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You enter the 2017 T5008 only once, no other entry is req...
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https://turbotax.community.intuit.ca/community/getting-started/discussion/you-enter-the-2017-t5008-only-once-no-other-entry-is-req/01/914520#M7594
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<P>You enter the 2017 T5008 only once, no other entry is required. If you are carrying forward losses from 2016 you will enter those under "Deductions &amp; Credits" &gt; "Losses" and "<B>Net Capital</B> Loss carry forward.&nbsp;</P>
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<pubDate>Wed, 30 Oct 2019 17:08:48 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/getting-started/discussion/you-enter-the-2017-t5008-only-once-no-other-entry-is-req/01/914520#M7594
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<dc:creator>TurboTax-Terry</dc:creator>
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