TurboTax FAQ
TurboTax FAQ
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How do I enter a T5 slip (and matching Relevé 3, if applicable)?

Instructions for the TurboTax online edition

If you have a T5

1. Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax.

2. Enter “T5” in the Find window.

3. Select T5 Investment Income from the list of results, and then select Go.

The T5 - Summary step appears.

4. Select Enter New T5.

The T5 - Investment Income step appears.

5. Fill out the form in TurboTax with the information from your slip.

Note: If the slip is for a joint investment with your spouse/partner, enter the portion of the gain that your spouse is claiming where it says Enter percentage of slip to claim on your spouse’s tax return (if applicable).

  • If you’re preparing your return together with your spouse/partner’s return: Don’t enter this same slip on your spouse/partner’s return; TurboTax automatically calculates each spouse/partner’s portion based on the percentage you enter.
  • If you’re preparing your return separately from your spouse/partner’s return: Based on the percentage you enter, TurboTax automatically calculates your portion and claims it on your return.

6. Select Done With T5.

The T5 - Summary step appears.

7. Review the information on screen and follow the instructions below that match your situation.

  • If the information is correct, select Done With T5s.
  • If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done With T5s.
  • If you have more T5 slips to enter, select Enter New T5. When you return to this step, select Done With T5s.

 

If you have a T5 and a Relevé 3

1. Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax.

2. Enter “T5” in the Find window.

3. Select T5 / Relevé 3 Investment Income from the list of results, and then select Go.

The T5 - Relevé 3 - Summary step appears.

4. Select Enter New T5 - Relevé 3.

The T5 - Investment Income step appears.

5. Fill out the form in TurboTax with the information from your slip.

Note: If the slip is for a joint investment with your spouse/partner, enter the portion of the gain that your spouse is claiming where it says Enter percentage of slip to claim on your spouse’s tax return (if applicable).

  • If you’re preparing your return together with your spouse/partner’s return: Don’t enter this same slip on your spouse/partner’s return; TurboTax automatically calculates each spouse/partner’s portion based on the percentage you enter.
  • If you’re preparing your return separately from your spouse/partner’s return: Based on the percentage you enter, TurboTax automatically calculates your portion and claims it on your return.

6. Select Enter Relevé 3.

The Relevé 3 - Investment Income step appears.

7. Fill out the form in TurboTax.

8. Select Done With T5 - Relevé 3.

The T5 - Relevé 3 - Summary step appears.

9. Review the information on screen and follow the instructions below that match your situation.

  • If the information is correct, select Done With T5 and Relevé 3 Slips.
  • If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done With T5 and Relevé 3 Slips.
  • If you have more slips to enter, select Enter New T5 - Relevé 3. When you return to this step, select Done With T5 and Relevé 3 Slips.

 

Instructions for the TurboTax CD/download edition

If you have a T5

1. Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax.

2. Enter “T5” in the Find window.

3. Select T5 Investment income from the list of results, and then select Go.

The Entering your federal T-slips step appears.

4. Select T5 - Investment Income.

5. Select Continue.

The T5 - Investment Income step appears.

6. Fill out the form in TurboTax with the information from your slip.

Note: If the slip is for a joint investment with your spouse/partner, enter the portion that you’re claiming where it says Your percentage.

If you’re preparing your return together with your spouse/partner's return:

  • Don’t enter this slip on your spouse/partner’s return; TurboTax automatically calculates each spouse/partner’s portion based on the percentage you enter.
  • The amounts you entered won’t appear on your spouse/partner’s T5 slip entry step; instead, it will be included on their Schedule 4 - Statement of Investment income.

7. If you have more T4A slips to claim, select Enter New T5 and fill out the form, repeating this step for each slip.

8. Select Done With T5.

The T5 - Summary step appears.

9. Review the information on screen and follow the instructions below that match your situation.

  • If the information is correct, select Done With T5s.
  • If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done With T5s.
  • If you have more T5 slips to enter, select Enter New T5. When you return to this step, select Done With T5s.

 

If you have a T5 and a Relevé 3

1. Select the image of the magnifying glass (or Find) in the upper-right area of TurboTax.

2. Enter “T5” in the Find window.

3. Select T5 / Relevé 3 Investment income from the list of results, and then select Go.

The Entering your federal T-slips and relevé slips step appears.

4. Select T5 / Relevé 3 - Investment Income.

5. Select Continue.

The T5 - Investment Income step appears.

6. Fill out the form in TurboTax with the information from your slip.

Note: If the slip is for a joint investment with your spouse/partner, enter the portion that you’re claiming where it says Your percentage.

If you’re preparing your return together with your spouse/partner's return:

  • Don’t enter this slip on your spouse/partner’s return; TurboTax automatically calculates each spouse/partner’s portion based on the percentage you enter.
  • The amounts you entered won’t appear on your spouse/partner’s T5 slip entry step; instead, it will be included on their Schedule 4 - Statement of Investment income.

7. Select Enter Relevé 3.

The Relevé 3 - Investment Income step appears.

8. Fill out the form in TurboTax.

9. Select Done With T5 - Relevé 3.

The T5 - Relevé 3 - Summary step appears.

10. Review the information on screen and follow the instructions below that match your situation.

  • If the information is correct, select Done With T5 and Relevé 3 Slips.
  • If the information isn’t correct, select Edit next to the slip and correct the information. When you return to this step, select Done With T5 and Relevé 3 Slips.
  • If you have more slips to enter, select Enter New T5 - Relevé 3. When you return to this step, select Done With T5 and Relevé 3 Slips.

 

 

 

 

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