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@mdm1001 @Jsbarros In TurboTax Online or TurboTax Desktop Easy Step Mode, search for "lump".
@Hal18 The T1198 is allowed to be NETFILE'd for 2024, but not for previous years.
@richard150 The T1198 isn't to report your income. That is entered on a T4, T4A or T4E slip. The T1198 is just to ask the CRA to tax the amounts for the prior years as if you received them in those years
Thank you for using TurboTax.
yesterday
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Thanks! Yea, I did NETFILE my return for Tax Year 2024 with the T1198 successfully yesterday. I was just trying to clarify that the $3000 max QRLSP amount was not an impediment for NETFILE.
yesterday