CatinaT1
Expert Alumni

Business & farm

Do you have positive or negative numbers on your form? 

 

If your Form T4PS, Statement of Employee Profit-Sharing Plan Allocations and Payments reflects only negative income -- a capital loss -- there's no need to enter this in TurboTax since it will have no impact on your return.  

 

If positive income is reported to you, you will most likely be able to exclude this via the foreign income exclusion.  

Where do I report capital gains or losses in TurboTax Online? 

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