Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

T5008 is not accurate as ACBs for transactions differ. Is it preferable to enter the amended transactions in the T5008 section or in the Cap Gains section?

I know the CRA doesn't use the T5008 in calculations.  However, I wondered if there was a potential problem by reporting T5008 transactions different than the T slip from the CRA.

1 Reply

T5008 is not accurate as ACBs for transactions differ. Is it preferable to enter the amended transactions in the T5008 section or in the Cap Gains section?

Personally, I would delete the T5008's and use the Cap gains section. As long as it shows, CRA will accept it.