T5008/RL18 Trading Summary & Superficial Losses
My new client brought me T5008/RL18 Trading Summary (8 pages). In this summary, most transactions were performed within 30 days. Thus, if there is a loss, it should be considered a superficial loss and its amount should be added to the ACB of shares. I would like to know if I need to recalculate all transactions to reflect these superficial losses, or I can simply enter information from the T5008/RL18 into Schedule 3 assuming that brokerage already did all calculations including superficial losses. Thank you for your help.
Two more related questions
1) Do I need to report all transactions from T5008 on Schedule 3 individually, or I can enter summarized records per share type?
2) Do I need to do any adjustments in Excel trying to calculate gains/losses myself based on the provided T5008/RL18 Trading Summary, or I can just enter data from it into Schedule 3 without any additional calculations? (I noticed that this Trading Summary does not have the beginning ACBs carried forward from the last year - client does not have this information either)
Thank you very much.