dlms55
Level 3

2024 Tax Year Line 22100 now requires form T691?

I'm unable to save a PDF of my return because I have entered my investment management fees into Line 22100 (where I entered them for 2023 tax year).  I keep getting an error that because I have entered an amount on Line 22100, I have to enter something onto specific lines contained in Part 1 of form T691.

 

When I look at form T691, nothing on that form applies to the management fees I'm entering.  How can I get past this?

 

Since I have self-employed income, should I just enter that amount as management fees in T2125 business income?  Anybody have any ideas or seen this situation before?

 

Not sure what to do here as it won't let me save as PDF, print or file at this point.

2 weeks ago
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7 Replies
1,691 Views
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TurboTaxAniqua
Moderator
Moderator

Credits and deductions

If you fall into a certain category of investment income earners, which in turn allows you to claim certain related deductions and tax credits, you may have to calculate the alternative minimum tax on Form T691 in your tax return. If your total related income is $40,000 or more, you may have to pay minimum tax.

The Alternative Minimum Tax (AMT): How It Works and What You Need to Know

All the locked forms will be unlocked and ready by the 20th of March, 2025, and you will be able to print/save/Netfile. We appreciate your patience.

 

Thank you for choosing TurboTax.

 

 

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2 weeks ago
6 Replies
1,322 Views
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dlms55
Level 3

Credits and deductions

I'll have to see how everything behaves after final forms are available.  I've read through the link supplied and that situation does not apply to me.  Thanks for the information!

a week ago
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2 Replies
678 Views
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TurboTaxBrenda
Moderator
Moderator

Credits and deductions

Were you successful at filing your tax return?

a week ago
0
1 Reply
409 Views
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dlms55
Level 3

Credits and deductions

I've not filed yet as I'm still waiting for some stuff that has a deadline of March 31 for them to send.  I was able to save a copy of my returns so I'm confident that filing will be no problem.  Thanks!

a week ago
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354 Views
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Jhodge1958
Level 1

Credits and deductions

What windows version of Turbotax corrects the T691 problem? I just uninstalled and reinstalled the windows Premier version today without any success. I still receive the same errors relating to T691. Thanks for your assistance.

Tuesday
0
2 Replies
159 Views
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dlms55
Level 3

Credits and deductions

Not sure ... my problem went away after the last update around March 20.  Then I realized I had entered a couple of slips twice.  So, not sure if my T691 issue was my error or the program.

Wednesday
0
95 Views
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TurboTaxAniqua
Moderator
Moderator

Credits and deductions

@Jhodge1958 The update we released should resolve the issue. If you are still having issues , we suggest you contact our product support team by phone. 

 

 

yesterday
0
40 Views
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