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Level 2
posted Apr 12, 2023 2:17:03 PM

Foreign Currency Capital Gains/Losses

Why isn't there a section in TurboTax to enter foreign currency gains/losses as stipulated by CRA here.

 

I think having an explicit/distinct section would help a lot for folks who deal with forex transactions, especially the hidden requirement to disregard the first $200 of gain/loss, which is really not obvious to someone using TurboTax even if they know that they need to enter the gains/losses under "Bonds, debentures, promissory notes, crypto-assets, and other similar properties".

 

--Vadim

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Moderator
Apr 17, 2023 10:17:33 AM

I have passed on your comments & suggestions to our product development team.

Thank you for your input.