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New Member
posted Mar 23, 2023 4:11:53 PM

I have a tiny amount of interest on a T5, but Turbotax insists I upgrade from Deluxe to Premium to enter this amount?

Why do I have to pay $70 to declare $12?

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1 Replies
Moderator
Mar 29, 2023 5:00:34 PM

Bank interest, whether it’s on a T5 slip or not is considered investment income. You would need to use TurboTax Online Premier or higher to report this type of income.