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Returning Member
posted Apr 25, 2022 6:05:29 AM

My family member sold shares from a trust fund.He was divided equally amongst the sibling. He received a t5008 . As family member where do I include the amount I recieve

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1 Replies
Level 4
Apr 25, 2022 3:53:25 PM

To include the income you received, you would need to also have a T5008. As your family member has the information slip, that member is solely responsible to report this amount on their tax return.

 

For more information please see our TurboTax article Canada Inheritance Tax Laws & Information.

 

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