A negative amount in box 21 will only appear if you are trading futures contracts or options contracts. If you have a negative amount in box 21, you can’t use the T5008 section in Wealthsimple Tax.

If your loss is a capital loss:

• add the Capital Gains (or Losses) section through the search box
• enter “Proceeds” of $0
• enter the absolute value of the amount in box 21 as your ACB (e.g., enter it as a positive number)
• this will add the capital loss to your Schedule 3

If your loss is an investment loss:

• add the Interest Expense & Carrying Charges (Line 22100) section through the search box
• enter the absolute value of the amount in box 21 (e.g., enter it as a positive number) as a carrying charge
• this will add the amount to line 22100 and it will be deducted from your income

If your loss is a business loss:

• report it on your T2125 for business income