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Level 2
posted Mar 1, 2022 7:51:11 AM

Where can I enter the $500 seniors benefit? Box 205 does not show in the T4A window, but is referenced in Other Income worksheet, which insists on T4A info.

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1 Best answer
Level 2
Mar 1, 2022 12:36:02 PM

Under T Slips go to T4A (not T4A OAS)  and scroll down to  CERB BOXES 197 TO 205, section and click on it. 

A form should pop up that says One time payment for older seniors Box 205 (last one on list).   Enter the 

$500 there.

7 Replies
Level 4
Mar 1, 2022 10:39:09 AM

This is how you can enter box 205 on a T4A slip when using TurboTax Online:

1. Click on Find in the top right-hand corner, type "T4A", select "T4A Pension, Retirement, Annuity" from the list, and click go.

2. In the T4A Summary click on "Edit" beside the slip.
3. Scroll down until you reach the COVID Related Benefits section.

4. Enter the amount for "One-time payment for older seniors" (Box 205).

5. Then click on Done with T4A to save your information and again on the next screen Done with T4A Slips.
 

Thank you for choosing Turbo Tax.

Level 2
Mar 1, 2022 10:53:11 AM

I am using the Desktop version, not the online one.

There is no Box 205 in the T4A area.

Level 2
Mar 1, 2022 12:36:02 PM

Under T Slips go to T4A (not T4A OAS)  and scroll down to  CERB BOXES 197 TO 205, section and click on it. 

A form should pop up that says One time payment for older seniors Box 205 (last one on list).   Enter the 

$500 there.

Level 2
Mar 1, 2022 12:55:51 PM

Thank you!

Returning Member
Mar 10, 2022 1:11:01 PM

I enter $500 on line 205 in the standard turbo tax version and the program enters 00 dollars on the summary page. What can I do?

Mike

New Member
Apr 1, 2022 2:21:11 PM

is this 500.00 seniors benefit taxable? 

Level 2
Apr 1, 2022 2:29:47 PM

Yes it is taxable.  Enter on T4.