All Filing your taxes posts

Re: FIX FEDERAL RETURN LOOP

BarbL — Thu, 23 Jan 2020 03:03:24 GMT

This form is not yet available. Please see the follow link for more information.

https://ttlc.intuit.com/community/forms/help/irs-forms-availability-table-for-turbotax-individual-personal-tax-products/00/26224

FIX FEDERAL RETURN LOOP

Jtoine23 — Tue, 21 Jan 2020 22:34:25 GMT

Says “fix federal return so I click on it.....

”Schedule C - QBI Passive Carryforward - There are one or more disallowed/suspended loss values on this Form/Worksheet (although this field may be blank). These are not yet fully supported by the program. This will be enabled in a subsequent release.”

“Passive Carryover Loss” box is only option .... I input “0”

then click Continue but never fixes the issue

PLEASE HELP

Why is the basic personal amount on my tax return lower than the full amount available for the tax year?

TurboTax Support — Fri, 22 Oct 2021 14:23:52 GMT

If you were a resident of Canada for the entire tax year, you're entitled to the basic personal amount in full. If you were a resident for only part of the year – for example, if you became a resident of Canada or gave up your Canadian residency and left the country during the tax year – your basic personal amount is prorated based on the number of days you were a Canadian resident during the tax year. This applies to both the federal and provincial basic personal amounts. Here's an example: You moved to Canada from Australia on May 6. There are 240 days from May 6 to the last day of the year (December 31). Your prorated basic personal amount would be calculated based on 240 days as follows: (240 days / 365 days in the year) x basic personal amount for the tax year. TurboTax calculates the basic personal amount you're entitled to based on your Canadian residency status for that tax year. Exceptions If you had no income from sources inside or outside Canada for the part of the year that you were not a resident of Canada, you're entitled to the basic personal amount in full. In the previous example, if you had no income before coming to Canada, you would be entitled to the basic personal amount in full. If the Canadian-sourced income you're reporting for the part of the year you...

What is the deadline for filing my income tax return?

TurboTax Support — Tue, 04 Jan 2022 17:30:10 GMT

The due date for 2021 tax returns and payments is May 2, 2022. This means that before midnight on May 2, you must submit your return to NETFILE or have your paper return postmarked. If you're mailing your return and have a balance owing, include a cheque or money order made out to the Receiver General for the amount due. If you're using NETFILE and have a balance owing, you can make your payment in one of several ways: Through your bank's internet or telephone banking services Using the CRA's electronic payment options (My Payment or My Account) In person at your bank By mailing a cheque or money order made out to the Receiver General, along with a completed remittance form T7DR(A) (included in your tax package) Related information COVID-19 Tax Info Centre How are taxpayers being helped during the COVID-19 outbreak? What is the Emergency Care Benefit? What income support will be provided during the COVID-19 breakout for those in need? How are businesses being helped during the COVID-19 outbreak?

Who has to file a tax return?

TurboTax Support — Thu, 07 Oct 2021 12:08:42 GMT

Anyone who meets the Canada Revenue Agency's (CRA) criteria for filing a return is required to file a tax return. This includes minors (children younger than 18). If you have any dependants who meet any of the CRA criteria for filing, they'll need to file a separate return. Here's how to start a new return: How to start a new return in the online edition of TurboTax How to start a new return in the CD/download edition of TurboTax Related information: Do minors (children under 18) have to file a tax return? Do you have to file a return? (CRA)

Should I wait until I file my tax return to advise the CRA of my change of address?

TurboTax Support — Tue, 16 Nov 2021 10:10:31 GMT

Ways to change your address Online: use the CRA My Accountservice on CRA's website. In My Account, select Change my address. Mail or fax: send the address change request to your tax centre, along with a completed Form RC325, Address change request. Phone: call the CRA at 1-800-959-8281.

If I didn't receive an information slip, do I still need to report the income?

TurboTax Support — Tue, 26 Oct 2021 08:53:10 GMT

Yes. The Canada Revenue Agency (CRA) requires you to report all taxable income, regardless of whether or not you received a slip for it. If you are missing or did not receive an information slip, contact the person who normally provides your slips and request that a copy be sent to you. In some cases, the CRA may also be able to provide the slip. Contact the Canada Revenue Agency (CRA) to find out if a copy is available to share with you. Or, sign up for a CRA My Account and add the slip through CRA: Auto-fill my return. If you are unable to acquire a copy of the slip before the filing due date: The CRA will expect you to include estimated amounts for the slip on your return. Use any stubs or statements you have to estimate the income (and any related deductions or credits). If you're mailing your return, attach a note listing which slips are missing, the payers' name and address, the type of income, and a description of your efforts to acquire the slip(s). In your note, include the calculations you used to arrive at the estimated amounts. If you're filing electronically, keep all your documents in case CRA asks to see them. Related information: What tax slips can I access through CRA's Auto-fill My Return service? Where do I enter T4, T5, and other T-slips? How do I add two o...

How do I determine my residency status?

TurboTax Support — Tue, 26 Oct 2021 05:50:02 GMT

Figuring out your residency status can be tricky, especially since it depends on so many factors that vary from person to person. Thankfully, the CRA has provided some guidelines to help you Determining your residency status. If you'd like the CRA’s opinion (it won't be legally binding) on your residency status, you can fill out one of the following forms (whichever is applicable) and mail it to your tax centre. For a more accurate result, include as much as information as possible. If you came to Canada: Form NR74, Determination of Residency Status (Entering Canada) If you left Canada: Form NR73, Determination of Residency Status (Leaving Canada) Related information: What is the difference between factual and deemed residency? My residency status changed. Where in TurboTax do I put the date I became/ceased to be a Canadian resident?

Frequently asked questions about marital status and filing your taxes

TurboTax Support — Tue, 27 Jul 2021 11:04:53 GMT

Change in marital status How do I do change my marital status in online editions of TurboTax? I'm married As a married taxpayer, is it better to file my tax return together with my spouse, or separately? How do I prepare a spousal or coupled return in TurboTax Online? How do I split my pension income with my spouse? What do I do if I don't know my spouse's income? I'm divorced or separated I'm separated or divorced, so why am I being asked for information about my former spouse/partner? My spouse passed away How do I file a final return for someone who has passed away?

How do I designate my RRSP/PRPP contributions as repayment of my Lifelong Learning Plan (LLP)?

TurboTax Support — Tue, 19 Jul 2022 20:52:56 GMT

If you qualify, you can "borrow" money from your RRSP to fund your or your spouse/common-law partner's education using the LLP program. However, the funds you withdraw from your RRSP will need to be paid back in the form of RRSP or PRPP contributions designated as LLP repayments. Otherwise, the CRA will add the minimum payment required for the tax year to your income. To designate a portion of your RRSP as an LLP repayment: Select Find* (or the magnifying glass icon) in TurboTax. Type Lifelong Learning Plan in the Find window, select it from the list, and then select Go. Select the box for Designate an amount as a Lifelong Learning Plan repayment on the Lifelong Learning Plan (LLP) Profile step, and then select Continue. Follow the instructions on the Details of the Lifelong Learning Plan (LLP) step and then select Continue. If you're using TurboTax CD/Download, follow the instructions on the Lifelong Learning Plan (LLP) Repayment for 2021 step and then select Continue. *If you don't see the Find button, you may not have completed the Setting Up/Introduction section of your return. Continue through the Setting Up section until the Find button appears.

Can I file my tax return after the filing deadline?

TurboTax Support — Tue, 26 Oct 2021 04:19:24 GMT

For the 2019 tax season, the deadline for filing your taxes has been extended to June 1, 2020. If you have any amounts owing, or need to make a payment to the CRA, the deadline for doing so has been extended to August 31, 2020. No interest or penalties will occur between these new timelines. You may file after the tax deadline with TurboTax, and the CRA's NETFILE service accepts both current year (and some prior year), returns long after the annual tax deadline. If NETFILE is not available for the year you're trying to file, you'll need to print and mail your return. Related information Do I have to pay interest for filing my tax return late or paying my balance late? When in NETFILE available? Can I submit a previous year's tax return using NETFILE? Where can I purchase the download edition of TurboTax for previous tax years? Can I use TurboTax to complete my tax return from a previous year? For more information, visit TurboTax Support

Are minors (those under 18) required to file a tax return?

TurboTax Support — Tue, 19 Jul 2022 14:20:35 GMT

Minors may have taxes owing if they've earned more income than: The federal basic personal amount ($12,421 or $13,808 for 2021, depending on their income), or The provincial basic personal amount (which varies by province) Even if you're a minor and didn’t earn enough income to owe taxes, you may still benefit from filing a return. For instance, if you had income tax or CPP premiums deducted at the source, you may be eligible to receive those deductions back in the form of a refund.