JLR7208
Returning Member

RRSP Deduction - Line 20800 - Incorrectly populated with RSP Limit vs RSP Contribution Amount

Hello, I have TurboTax Premier 2024 version.  I did not enter any RSP contributions, but Line 20800 is picking up my Deduction Limit. It appears to be a bug. Please confirm when a fix will be provided/how I can correct this in the interim.

RSP Worksheet:

Current year contributions in remainder of 2024 = zero

Contributions made in first 60 days of 2025 = zero

 

Note: I entered the full deduction limit on line "(ii) - Enter the portion of line (i) that you would rather carry forward and deduction in a future year when you are in a higher tax bracket".. and this nullified the amount line 20800.  

3 weeks ago
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JoanneLH
Employee Tax Expert
Employee Tax Expert

Troubleshooting

RRSP contributions made through the remainder of 2024 and the first 60 days of 2025, as well as "Unused RRSP contributions previously reported and available to deduct" will deduct on line 20800 provided the available RRSP deduction limit equals or exceeds the total contributions.

Unused RRSP contributions are reported on the line 1 of the schedule 7.  This amount will carryforward within your Turbotax application, or it will download from the CRA when using the "Autofill my return" feature.  The entry made on line (ii) will continue to carryforward this unused RRSP contribution.

2 weeks ago
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751 Views
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