I exercised canadian controlled private company options and held shares in 2023. In 2024, I sold shares, so I need to report taxable gain. in the turboxtax, I report line10400 for other employment income, but I can't find security option deduction I can enter at TurboTax as this line is only available at T4, which company didn't provide as I held shares from exercising options. Basically, I would like to claim 50% for security option deduction, but don't know where I can enter at TurboTax. I tried at other deduction page, but there is no security option deduction there.
To get the Security Options Deduction on Line 24900, you need to fill out form T1212 Statement of Deferred Security Options Benefits. To enter a T1212 in TurboTax Online, go to your return’s home page (click the house icon ⌂ in the top left menu) and then search for “Other Deductions”.
To report the sale of CCPC shares when you don’t have a T-slip, search for “Capital gains and Capital Gains Deduction”.