- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Help Please! Turbo tax says I haven't repaid HBP, but I have
Hi all,
Hoping this is a quick fix.
Long story short I used the Home Buyers Plan a few years ago AND I repaid it in full. The CRA website even shows that I have repaid it down to $0.
However, Turbo tax says I owe the full amount and then has deducted $1700 from my return, as it says I haven't made this year's repayment.
How do I delete the HBP from turbo tax? Or whatever is telling it I still owe?
I did the auto upload T4s and slips from the CRA website to turbotax when I started (if that helps)
Thank you so much for any help
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Troubleshooting
Do you go into the RRSP section and designate an amount as your HBP repayment?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Troubleshooting
Update: I solved the problem by doing what I suggested below (and going to the section you mentioned). In TurboTax, I went to the page that says "HBP Profile." I then clicked designate an amount for repayment. On the next page I put HBP amount owing and repayment to $0. Problem gone now .... thank you!
Thank you so much for the reply.
I have no HBP repayments to make this year at all.
I paid off the HBP 3 years ago, but the TurboTax program says I still owe the full amount and therefore deducts $1700 from my tax return. This is because it assumes I am not making the payment and owe it.
I notice when the CRA uploads data to TurboTax, it shows me that the info it uploaded says I owe HBP. Logging on to the CRA website, its says I owe $0 for HBP.
I will try to edit the HBP in the Turbotax program. The page that says outstanding amount and my repayment for this year.