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jamidian
Returning Member

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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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

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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