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How do I enter information from a T1198?

I can't find the form on the website, and all the other questions are from two years ago.
23 Replies

How do I enter information from a T1198?

Are you using a online version or a download version of TurboTax?

How do I enter information from a T1198?

I am looking for that answer as well, I spoke to rep from TurboTax because I tried to file taxes but form was locked.  They said that the forms online should be unlocked near the end of March.  Was hoping for sooner, but will continue to check to see if they have opened.

How do I enter information from a T1198?

Is there a form I can fill out online yet for a T1198??

You guys charged me money just for me to find out I couldn't file with you guys?

Are you getting the form set-up?

How do I enter information from a T1198?

We're working hard to finalize the T1198 form to align ourselves with CRA requirements, and we hope to have it ready soon. We appreciate your patience. 

 

You can see a list of Forms that still locked here: Why does TurboTax say my forms are locked or haven't been finalized?

 

 

 

Shelley83
New Member

How do I enter information from a T1198?

So will using Turbo Tax be possible if I have a T1198 form?

How do I enter information from a T1198?

The Statement of qualifying retroactive lump-sum payment (T1198) is now available and unlocked in TurboTax Online.

 

It is available in TurboTax Desktop in Forms mode, but it's still locked. You can see a list of forms that are still in development here: https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/tax-return/turbotax-say-for...

 

 

How do I enter information from a T1198?

Currently trying to fill out the T1198 on turbotax but I keep getting an error message of “breakdown of principal (total of boxes 68520 through 68560) must equal the total principal amount (box 68519).

 

I’ve done the math NUMEROUS times and it is correct but will not go through.

 

is this an issue with the form or what am I doing wrong?

How do I enter information from a T1198?

It may be unlocked, but it is not working correctly.  We cannot put the information in without having to put in interest.  I have spent 2 hours speaking to the CRA and they have told me that interest does not have to be reported on the T1198.  However, the program will not allow just principal amounts to be put in.  It keeps asking for interest and principal amounts.  Please review your program so the THOUSANDS OF TEACHERS  out there who are getting frustrated because of this issue.  Please advise as to how we are to proceed.  

 

The other options is to possible use another tax software program?????

How do I enter information from a T1198?

Having the same issue.  It won't let me bypass the interest part.  And the CRA says no interest has to be included when using the special tax calculation for the T1198.  Turbotax just added this to their software program and I think that they still need to make some adjustments/updates to allow certain boxes to be excluded from use when inputting amount for the QRLSP.