FollowUp on an issue in TurboTax

[ftrout]

Hello, I am doing a followUp on an issue in the 2024 version that needs to be corrected for 2025. This is rewarding investment accounts in another currency  and T5008.

On T5008 (Relevé 18) there is a box #13 for account currency,  Turbotax 2024 doesn’t support the #13 box. If you have an investment account in USD, the dealer or fund manager will issue the T5008 with transaction values in USD. The impact of that is the client need to convert all transactions (purchase and sell) from US& to CAD $. There may be an insane amount of transaction to manually correct in Turbotax, and you need to correct both the purchase price and the selling price.

I want to know if TurboTax 2025 will support T5008 in other currencies (Case 13), because I know other tax software do, I have a USD investment account and there are a lot of transactions in one year.

If you do not plan to fix this, I need to select and learn a new Tax Software for the next tax season.

Please confirm if you have plans to fix this issue for the next version, and please no bull**bleep** answer.

Regards

François Trout

[TurboTaxAniqua]

We don't know what new changes will be introduced for TY2025 yet, as it has not been released. I will surely pass on your concern & feedback to the product development team.

Thank you for choosing TurboTax.

[ftrout]

Waiting for a real answer, not Public Relations to dodge the question! 

[ftrout]

We are a few months away from the new version.

If they are not working to fix that bug now, it won't be corrected for the next tax season!

Please stop the non answers, I want to know if they are working on this issue, because if not, this is a major  Show stopper for me.

I will not correct manually hundreds of transactions imported into TurboTax!

Regards 

[TurboTaxAniqua]

As mentioned earlier, we do not have any updates on this until the release of TurboTax software, which will be in mid-December. We'll update this thread whenever we have new information. We appreciate your patience.