Capital Losses for 2021

[Sammym123]

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

 

[Curmudgeon]

If the T5008 show the acb, sale proceeds and sale expenses, Ufile will calculate the capital gain/loss.

[Sammym123]

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?

[Curmudgeon]

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. 

[JohnA]

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.