T5008 and capital gains.
I have a T5008 and when I enter the information in box 21 it does not show up on the S3. It shows up under box 121. Therefore it shows as all income and the client has to pay tax on the whole amount. I know the proceeds as well as the adjusted cost price so I know the amount of capital gain.
How do I enter this into profile so that it shows up properly. The proceeds is 31000 but the ACP is 27000 so the capital gain is 3000.
I know I am doing something wrong but not sure what?