Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 24, 2021 8:26:13 PM

Where do I declare T4A income from a TFSA amount that my deceased father left me?

I believe the amount is the gain that was realized between the time he passed away and the time the cheque was issued to me.

0 1 459
1 Replies
Level 3
Jan 5, 2022 8:40:40 PM

I am sorry to hear of your loss.

 

If you received a T4A slip in your name for the amount, then you would enter the T4A slip as you would any other slip. After your father died, any amount that was earned in his TFSA account after his death would be taxable in your hands.  

 

If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.

 

If you have TurboTax Live Assist & Review, see this TurboTax FAQ to learn how to talk to a Tax Expert or book a review: In TurboTax Live Assist & Review, how do I talk to a tax expert?

 

Thank you for using TurboTax.