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T5008

TurboTax doesn't deal with a T5008 correctly when the form reports dispositions of GICs and bonds. The user is required to enter an income type for such dispositions (capital gain or investment income). Capital gains and losses then show up on Schedule 3 as gains or losses from publicly traded shares, etc. Such amounts should be reported in the section of Schedule 3 for "Bonds, debentures, promissory notes, and other similar properties". There doesn't seem to be any way around this issue. TurboTax won't let you Net File a return if you don't include the income type for dispositions. Including this information automatically results in gains and losses being included in the first section I mentioned. This issue is relevant for bonds, but irrelevant for GICs, for which there should be no gain or loss.

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