TurboTax FAQ
TurboTax FAQ
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How do I enter T5008 slips?

The T5008 slip (Statement of Securities) reports amounts paid or credited to you as a result of you buying, selling, or cashing securities during the tax year.

In online editions of TurboTax:

  1. In the upper-right corner of your screen, select Find.
  2. In the Find window, type T5008 and select Go.

 

In CD/download editions of TurboTax:

  1. In the upper-right corner of your screen, select Find.
  2. In the Find window, type T5008, select T5008 from the list and then select Go.
  3. On the T-slips step, select the T5008 checkbox and then select Continue until you reach the T5008 Summary step.

 

TurboTax has a limit of 30 T5008 slips. If you have more than 30 T5008 slips, you’ll need to add the amounts from each box together and enter them as one T5008 slip in TurboTax (ex. the sum of all box 20s on all your slips go into box 20 in TurboTax, the sum of all box 21s go into box 21 and so on).

If your T5008 slip is for a joint account shared between spouses

In online editions, enter your spouse’s percentage of ownership in the field Enter percentage of slip to claim on your spouse's tax return (if applicable).

 If CD/download editions, each person should enter only their percentage of amounts. For each box, you need to manually calculate your percentage.

 

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