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Strange warning on non-capital loss and T691

I have this warning when reviewing my file before wanting to Netfile

 

You have a current-year non-capital loss on your return, but one or more entries is missing on form T691:

a loss reported on line 12600 but no entry on line 67830 (I do not have a loss here)

a loss reported on line 12200 but no entry on line 67840 (I do not have a loss here)

a claim on line 23200 but no entry on line 67820 (I do not have a claim here)

or a claim on line 22100 but no entry on lines 67820 or 67840 (I have a claim here of a small amount)

Check your entries and make the necessary corrections

 

line 22100 is carrying charging/interest expenses, in here I put a small amount on interest from money used for investments, similar to previous years.

 

67820 is about Film property (doesn't apply to me)

67840 is about Tax shelters, limited partnerships and non-active partners (doesn't apply to me)

 

I do not know why I am getting this warning

6 Replies

Strange warning on non-capital loss and T691

Nevermind, I found an override for a field for net capital losses applied against taxable capital gains that was causing the problem.  Seems I had change a setting earlier in the menus about this and it did not reset a field properly

tdibratt
Returning Member

Strange warning on non-capital loss and T691

Hi I have the same error.  HOw did you override it?

Strange warning on non-capital loss and T691

@tdibratt Is it possible for you to tell us exactly what is the message, if possible, a screenshot of the entire message would be better.

 

Thank you for choosing TurboTax.

Strange warning on non-capital loss and T691

@mike2k25  - I'm also interested in knowing what fixed your issue.  Thanks!

tdibratt
Returning Member

Strange warning on non-capital loss and T691

The warning was a warning and according to TT support I could still go ahead and file my taxes, so I did exactly that.  I have no idea or resolution was to why TT was flagging it as a warning because nothing I could see was incorrect in terms of my entering my info related to T-Slips.  It also called out my IMA fees used for Charges related to investments and I never had any issues with this in previous years.  

 

Net is, TT told me to ignore the message and I filed my taxes.

 

Regards

Strange warning on non-capital loss and T691

My issue was due to me erroneously overriding a field.  In the forms method, I had selected yes for the "did you have any losses from this year or prior years to report?....".   erroneously overrided a field based on this.  Once de-selected this option and used the correct field for the value elsewhere the problem went away.