Turbotax is making mistakes in copying values from Form FTC (Foreign tax Credit) to Form T2209. How to fix?

[ajoy178326]

There are two values: (i) The foreign income, which is copies without change from Form FTC to Form T2209, however, the value of foreign income tax paid changes from FTC to T2209. This does not seem correct. Any explanation of why it changes, or how to fix it?

Additional details: The original values are entered in Canadian dollars in the T3 and T5 slips and these amounts show up in the FTC form, however, the foreign tax paid changes when it shows up in T2209 (the income amount remains the same).

[TurboTaxSusan]

Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.

[ajoy178326]

Figured it out, there are no errors in TurboTax.

Explanation: The maximum FTC you can claim is 15% of the foreign income amount. If for some reason you paid more than 15% of income, then the extra amount paid cannot be claimed against Canadian taxes. TurboTax correctly limits the maximum credit to 15%.