Moderator

Oct 30, 2019 10:02:22 AM

If you received a small about of interest from you bank (under $50), you may not have received a T5 slip. You must still report this income, even if you weren’t issued a slip.

In TurboTax, click on Income > Investments > Interest on Bank Accounts Not Reported on a T-Slip

Level 2

Mar 7, 2022 1:28:30 PM

Hi.

I have tried this advice, but Turbotax won't allow me to access this (to report this tiny amount of income) without upgrading my Turbotax Standard/Deluxe (2021) to Turbotax Premium. It states:

To report interest and investment income not reported on a T-slip, you need to upgrade.

Is this a bug?? I have always used Standard (called Deluxe this year), and it seems very unnecessary to upgrade simply because this year I have not collected enough interest for the bank to generate the T5. Can this be fixed, or how do I get around this?

Thank you!

Moderator

Mar 8, 2022 4:38:00 PM

There have been changes made to TurboTax Online. Please see this TurboTax FAQ for more information:

Why did I have to upgrade my TurboTax Online edition?

Why sign in to the Community?

I have earned less than 50 dollars from bank interests( No T5 received ). How should I report this amount in Turbotax ?

To report interest and investment income not reported on a T-slip, you need to upgrade.