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Negative values on my t forms

Albert c

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  • 1 year later...

Hello M- onkey ,

A T5008 loss would be reflected as the difference between :

Cost or book value [20]   [$amount]
Proceeds of disposition or settlement amount  [21]    [$amount]

Note the T5008 often has the Cost missing.    The Proceeds can not be a negative amount.

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