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    carolerier
    New Member
    posted
    ‎October 31, 2019 5:41 AM
    last updated ‎October 31, 2019 5:41 AM

    Where do is put Policy Loan Repayments Deductible under the income tax act?

     
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    TurboTaxKim
    Moderator
    Moderator
    ‎October 31, 2019 5:41 AM

    Where do is put Policy Loan Repayments Deductible under the income tax act?

    If you go to Deductions > Other Deductions > Other Deductions Intro, then continue until you land on the page titled "Other Deductions" and make your entry and a description of the entry in the bottom box. (As shown in screenshot). This deduction will then show up on Line 232 of the tax return.

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    TurboTaxKim
    Moderator
    Moderator
    ‎October 31, 2019 5:41 AM

    Where do is put Policy Loan Repayments Deductible under the income tax act?

    If you go to Deductions > Other Deductions > Other Deductions Intro, then continue until you land on the page titled "Other Deductions" and make your entry and a description of the entry in the bottom box. (As shown in screenshot). This deduction will then show up on Line 232 of the tax return.

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