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New Member
posted Oct 31, 2019 3:02:08 AM

If I've entered gains/losses as a T5008 but have no T5008 slips, should I delete and re-enter in the Cap Gains/Losses screen?

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3 Replies
Level 15
Oct 31, 2019 3:02:10 AM

Yes, if you do not receive actual T5008 slips, do not enter them on T5008 slip page. 

If you have received a T5008 Summary or Summary of Security Dispositions, you can enter this by going to Income > Investments > Capital Gains & Capital Gains Deduction Profile. Then check off the box "Sold stocks, bonds, real estate ,etc ", and continue to the Capital Gains page to make your entries. 

You can enter each fund individually or use a total for them all. These summaries do not need to be entered as "T5008 slips". The Proceeds of Disposition = Box 21, and the Adjusted Cost Base = Box 20 of an actual T5008 slip. 

New Member
May 11, 2020 10:15:03 AM

I have received T5008 multiple slips because I had sold multiple us stocks & I have been given numbers for ACB & proceeds in us currency.Does turbotax program converts it into Canadian currency or we have to do it ourselves manually

Level 15
May 11, 2020 1:05:25 PM

You will enter your T5008 slips as they appear.  Yes, you will need to do the conversion yourself. 

 

https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/