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How do I enter information from a T1198?

Desktop version.  I assume that I have to use forms, not easy fill.  Got my first 1198 in, no problems.  How do I do a second one?

How do I enter information from a T1198?

@Aybee You can only enter 1 T1198. You can combine all your amounts on to the same form.

 

How do I enter information from a T1198?

@TurboTaxSusanThanks!  Next question....  If I do the T1198s in "forms" and the rest in "easy step," is that okay?  Will it all combine together in the end?

How do I enter information from a T1198?

The form in turbo tax doesn't work.

 

The form doesn't show up in easy step. 

 

The only way to safely file is through mail.

 

General instructions below.

 

https://youtu.be/lNWi9-0fKBk?si=aXQnr0wo-lF29XtV

 

 

paulN1
New Member

How do I enter information from a T1198?

I've entered all my T1198 info correctly and it was accepted by TurboTax, however, my refund amount did not change. Is it supposed to ? Does TurboTax have access/use my previous years income amounts to be able to determine the adjustment automatically or does this info simply get sent to CRA and they will do a refund adjustment for me at a later date? I've called a few times and can't really seem to get an answer from anyone. so I would appreciate some clarification on this. Thank you.

How do I enter information from a T1198?

the adjustment for previous years is something that the CRA will calculate based on information

it has from previous years tax filings. IT HAS NOTHING TO WITH TURBOTAX.

Filing a T1198 just informs the CRA that they will need to do extra calculations for the  previous years.

If you ask me, it would have been just a well to tax the  retro income as this years income and get on with life !!

How do I enter information from a T1198?

Still waiting for a definitive answer re form T1198. Has the situation been rectified? Last time I checked there was not even a box in the profile to indicate there was a QRLSP. Why? It was there previously but no followup screen where you could enter the 1198 information. Please help.

How do I enter information from a T1198?

@Aybee Yes, you can complete part of your return in forms mode and the rest in easy steps. 

 

Thank you for choosing TurboTax.

Lindsay10
New Member

How do I enter information from a T1198?

When you say you submitted your T1198 after Netfiling, how did you submit it? I haven't done my taxes yet but am wondering if I will be prompted to include the form. Thanks