Schedule 9 line 24. Turbo Tax enters a value in excess of $200,000. How is that value determined?
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1 Best answer
TurboTaxKim
Level 15
Oct 31, 2019 12:52:32 AM
The value on Line 24 of the Schedule 9 - Donations & Gifts is a number set by Canada Revenue Agency as the "Income Threshold". If your Taxable Income exceeds $205,842, then your donations credit will be adjusted.
1 Replies
TurboTaxKim
Level 15
Oct 31, 2019 12:52:32 AM
The value on Line 24 of the Schedule 9 - Donations & Gifts is a number set by Canada Revenue Agency as the "Income Threshold". If your Taxable Income exceeds $205,842, then your donations credit will be adjusted.