Sammym123 Posted April 8, 2022 Report Share Posted April 8, 2022 Stock liquidated which generate a capital loss. According to CRA website, this transaction is not being shown under the T5008. Can anyone advise how to enter this without using T5008 on UFile Windows version? Thanks Quote Link to comment Share on other sites More sharing options...
Curmudgeon Posted April 8, 2022 Report Share Posted April 8, 2022 If the T5008 show the acb, sale proceeds and sale expenses, Ufile will calculate the capital gain/loss. Quote Link to comment Share on other sites More sharing options...
Sammym123 Posted April 10, 2022 Author Report Share Posted April 10, 2022 T5008 just showed liquidated. Do not show any amount re box 20 or box 21. Can I just entered manually the cost and disposition as "0" under the Capital Gains (Losses) and ABIL? Quote Link to comment Share on other sites More sharing options...
Curmudgeon Posted April 10, 2022 Report Share Posted April 10, 2022 If you know the values, acb, disposition proceeds, costs of disposition if any and sale date, you can fill in a capital gains/loss form. Click Interview setup, go to Investment income and expenses, click on the blue arrow for Capital gains (or losses) and capital gains history, and click the + sign for Stocks, mutual funds ... . Fill that in and get rid of the T5008 if its in Ufile. Quote Link to comment Share on other sites More sharing options...
JohnA Posted April 12, 2022 Report Share Posted April 12, 2022 I tend to delete the 5008s. You don’t need to include them in your return. As suggested by Curmudgen, just enter all the info on the gains/loss form. In many cases the ACB on the 5008 will not be correct. This is defiantly the case if you hold the same security in more than one unregistered account. The ACB has to be calculated across all the unregistered accounts, not account by account. Quote Link to comment Share on other sites More sharing options...
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