Skip to main content
April 29, 2022
Question

Should i pay taxes on the full amount of a sale of stocks or just capital gains

  • April 29, 2022
  • 1 reply
  • 0 views
t5008 Box 21 and box 20

    1 reply

    TurboTaxSusan
    May 6, 2022

    You will only have to pay taxes on 1/2 the capital gains. If the amount of taxable capital gains (Line 12700) is doubled, you may have entered the capital gains twice? Please see this TurboTax FAQ for more info: The amount of capital gains from my T5008 is doubled in TurboTax. How do I fix this?