Good grief! I'll take my chances with CRA - cannot get past the stupid automated robot when calling TurboTax because I DON'T WANT TO TALK TO A ROBOT OR HAVE ANY OF MY RESPONSES RECORDED BY A ROBOT!!!!! If there are actually people there to help, I'll call but I won't talk to a robot who claims to have information to help me based on me saying "I'm calling at the suggestion of a community comment" and then asks for my cell or email - what a load of crap!
I'll do what seems to be the best and carry on. This effort is not worth $30 especially when the rules for T691 do not apply and the program continually flags "errors" for it. Having read through the article at CRA about Line 41700 (Minimum Tax - https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...), it appears that the threshold is $173K. Besides that, what does one do if the programs states that line 22100 looks for an amount entered into another one of two lines which do not apply to our situation?
I ended up clicking "ignore" on the warning (oops), so I'm going to create a new return without entering my $ on line 22100 to see if the warning still shows.
This whole thing is really frustrating for 2024.
Okay, I created another return without the management fees.
If I do not add my management fees on line 22100, I am presented with a "tax-saving opportunity" that reads: "Don't forget to deduct any interest expenses or carrying charges that you may have incurred, such as investment counsel fees."
When I add them in, then the warning about line 22100 missing entries from T691 shows up again. None of those items on T691 apply to my situation so... I have to decide:
Add the management fees and hope CRA does not flag it OR do I just leave them off completely?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.