Sland58
New Member

I received retroactive pay in 2024 going back to 2019. How do I complete the T1198? No breakdown of principal & interest received?

I received a letter stating the amounts for each year and the total funds received.
‎April 26, 2025 9:10 AM
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TurboTaxSusan
Moderator
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After you file

Did the letter say the total funds were for a "Total Amount" or a "Total Principal"? If it said "Total Principal" then there was no interest paid out.

 

‎May 1, 2025 1:40 PM
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