Jump to content

Superficial loss rules - overriding T5008 capital loss


Recommended Posts

In the Interview Setup, down the left hand side, tick off the box in the Investment Income and Expenses section that says Capital Gains (or losses) and that should bring up the specific entries for each of your T5008 auto fill lines. Find the line entry that is the one in question and change the Acquisition Price to a value that zeroes out the capital gain.

I never use auto-fill for my T5008 data. I don't trust it, especially Box 20 Cost Data and for USD investments, it will get it wrong all the time.  The forex used on date of acquisition of the security cannot possibly be the same as the forex in effect for the Sale of the security, except by sheer coincidence.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...