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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

How do I enter information from a T1198?

Does anyone know if the amounts stated on the T1198 for the current year and the prior years are also included in the current year T4 in box 14 Employment income or in any other box on the T4?