How do I enter information from a T1198?

Amnion14

As far as I know (assuming 2024 is the "current" year; actually numbering the years instead of current and previous would have been helpful) any amounts paid in 2024 for all years are included on your T4 Box 14.

T1198 is simply a request to CRA to have this lump payment spread out over the years involved to see if a refund may be due...

Dalmat

March 26th...

I still don't see any place to fill out form T1198 in the EasyStep mode.

I called TurboTax support and was able to manually find and fill it out using the Forms button. All fields worked fine and no errors.

I have some time now before the filing deadline. I might wait to see if it gets added back to EasyStep to see if everything looks good and if my refund gets re-calculated at the top left..

Can we expect an update anytime soon TurboTax??

JMoe1

I did as you said, filled out everything in Easysteps then form t1198 in "forms." Now it won't allow me to Netfile. What gives?

Amnion14

@Dalmat

"and if my refund gets re-calculated at the top left..

It will not do this... not how it works... If filling in the T1198 results in your refund being re-calculated something is really wrong. CRA will inform you later if any additonal $$$ is due to you.

TurboTaxAniqua

@Lindsay10 If you have already Netfiled, then you will have to amend/refile your return.

Have you used the TurboTax online version or the TurboTax desktop version? You can make changes to a filed tax return by filing a T1-adjustment. The CRA requires that you wait until you’ve received your Notice of Assessment (NOA) before filing an adjustment. In many cases, the CRA will catch the mismatch and automatically adjust your return for you.

For step-by-step instructions, please follow this TurboTax article: I've filed my tax return. Can I still make changes?

Dalmat

It looks like the T1198 has been added to the EasyStep method!

I will work my way through and see how it goes...

jcp05

There's a lot of back & forth but NO ONE at Turbotax is helping to resolve this issue of entering information to Form T1198. Turbotax has known this issue was pending for months and have dropped the ball in getting the software that many people have purchased to work correctly. Please advise HOW DO WE GET THE INFO IN TURBOTAX!!!!! An easy step-by-step procedure would be appreciated. Thanks

PeterAbby55

I'm not a Turbotax employee !! I use the product but not in a position to instruct anyone

how to use it !! PA

jcp05

I have closed and reopened Turbotax a few times to get any updates and it seems that I have finally gotten the latest update, as I now have a box to tick to get to Form T1198. Finally

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