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I'm getting an error in Turbotax desktop The amount you designate for transfer to an RRSP/PRPP cannot be greater than the eligible income reported for transfer.
the amount of the rrsp contribution is equal to the limit so i'm not sure what the issue is
there were some links on google search with answers but turbotax community says access denied when i tried to click on them
HELP!
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Troubleshooting
Are you trying to do a RLIF transfer to RRSP? If so, enter the T4RIF. Then enter the RRSP contribution, making sure to enter the transferred amount in the box "Is this RRSP contribution a designated transfer of eligible income amount? If so, enter the amount that is a designated transfer". And that should do the transfer.
You are getting the "access denied" message because you're trying to access a delete post. These deleted posts shouldn't be shown in our search results, and we are looking into resolving the issue ASAP.
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Troubleshooting
I also did a transfer from LIF to RRSP, but my issue is in 2024 I did the transfer in Feb 2024. So last year I had to put the RRSP contributions in as a carryforward. So now I have a carryforward and a T4RIF but turbotax online Premium does not recognize my eligible transfer even though I keyed in the transfer amount. It is just allowing me to deduct up to my contribution limit, therefore I owe apparently alot of money. This is not how it is suppose to work. How do I get turbotax to recognize the eligible transfer?
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Troubleshooting
@Crewster If you are still not able to resolve this issue, please contact our phone support team for more assistance.
During tax season (from CRA NETFILE opening (mid-February) to the regular filing deadline (April 30), we're available 7 days a week during these hours:
- 9 AM to midnight ET for English support
- 9 AM to 9 PM ET for French support
During the rest of the year (May 1 to mid-February), we're available Monday through Friday, 9 AM to 6 PM ET for English and French support.
Thank you for using TurboTax.