garbuckle01
New Member

Box 24 on our T4RIF has been entered as a deduction under other deductions. Is this correct????

CAN i CLAIM THE AMOUNT LISTED IN BOX 24 ON MY T4RIF as a deduction . Turbo Tax has automatically done this.
‎October 29, 2019 11:14 PM
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TurboTaxMonica
Level 1
Level 1

Seniors and students

If you indicated that the amount was transferred to a RIF (when you entered the amount on the T4RIF screen), then you should see the amount under "other deduction".

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‎October 29, 2019 11:14 PM
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DB57
Returning Member

Seniors and students

The on line version allows for 3 options for T4RIF including with drawl payment, transferred to a RRSP, transferred to a RRIF.

The Premier Turbo tax version ( which I purchased) does not have this option in box 24. Box 24 entry triggers it as income when it was a RRSP transferred to a RRIF. What to do?

‎March 24, 2021 3:03 PM
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Bede20
New Member

Seniors and students

For T4RIF BOX 24 is listed as a deduction by Turbo tax, I now have to reAdjust my return..ty

‎August 5, 2021 8:28 AM
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PattiDurk
New Member

Seniors and students

Why does turbo tax put it in as a deduction? We are getting hit with a big tax bill after CRA audit. 

‎August 2, 2022 1:33 PM
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TurboTaxBrenda1
Level 15

Seniors and students

Which box is filled out on your T4RIF slip?

‎August 3, 2022 8:26 AM
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