topic T5008 proceeds change to deemed disposition in Get your taxes done using TurboTax

T5008 proceeds change to deemed disposition

KenA11 — Thu, 11 Mar 2021 17:33:53 GMT

For Canada, for a Final return, I am assuming that the proceeds amounts reported on a T5008 should be modified to the deemed disposition amounts based on the date of death. Then the gain between the deemed disposition and the actual proceeds is reported on the trust return. Can anyone confirm that is correct?

Re: T5008 proceeds change to deemed disposition

ee-ea — Fri, 12 Mar 2021 03:32:05 GMT

Go to CANADA https://ttlc.intuit.com/community/choosing-a-product/help/i-need-the-canadian-version/00/26503

Re: T5008 proceeds change to deemed disposition

KenA11 — Fri, 12 Mar 2021 04:02:08 GMT

Thanks, but I already have the Canadian Version.

Re: T5008 proceeds change to deemed disposition

ee-ea — Fri, 12 Mar 2021 04:19:20 GMT

Your question is in the US version.

Re: T5008 proceeds change to deemed disposition

KenA11 — Fri, 12 Mar 2021 05:15:00 GMT

Got it, thanks. I see the link now to the seperate support