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    tochorjc
    New Member

    Schedule 9 line 24. Turbo Tax enters a value in excess of $200,000. How is that value determined?

     
    posted
    ‎October 31, 2019 12:52 AM
    last updated ‎October 31, 2019 12:52 AM
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    TurboTaxKim
    Level 15

    Schedule 9 line 24. Turbo Tax enters a value in excess of $200,000. How is that value determined?

    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. 

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    ‎October 31, 2019 12:52 AM
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    1 Reply
    TurboTaxKim
    Level 15

    Schedule 9 line 24. Turbo Tax enters a value in excess of $200,000. How is that value determined?

    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. 

    ‎October 31, 2019 12:52 AM
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