topic Re: Why am I getting warnings that I have not entered the minimum repayment amount required for m... in Investors and rental owners

Why am I getting warnings that I have not entered the minimum repayment amount required for my HBP when I paid the full amount back years ago?

stephenchodgins — Mon, 14 Apr 2025 18:29:38 GMT

I recorded the information into my tax return each year I made a payement into the HBP. I was able to pay it back in less than 4 years. Ever since then, I have gotten a warning from Turbotax (every year for the past 10 years) that I haven't made the minimum required payment. How do I make that warning stop?

Re: Why am I getting warnings that I have not entered the minimum repayment amount required for m...

TurboTaxAniqua — Tue, 15 Apr 2025 18:03:29 GMT

Did you import information from the previous year? You can skip it and move on to Netfile if it is a warning and does not apply to you.

Thank you for choosing TurboTax.

Re: Why am I getting warnings that I have not entered the minimum repayment amount required for m...

stephenchodgins — Mon, 21 Apr 2025 20:37:06 GMT

Every year I import my file from my previous years with Turbo Tax. Every year I must choose the "Ignore" option in order to move on to Netfile. It's just annoying and somewhat worrisome when the system tells me I have a balance owing when I know I do not.

Re: Why am I getting warnings that I have not entered the minimum repayment amount required for m...

Anonymous — Tue, 22 Apr 2025 21:24:40 GMT

@stephenchodgins Some information can be imported from year to year, even if they are at zero, like HBP balance, or CCA in some other situations.

For these specifics elements, in a future year, it is appropriate to avoid the import date from a previous year, and start fresh.

Because it's only a warning, you can still ignore, as my colleague explained previously.

Thank you for choosing TurboTax.

Re: Why am I getting warnings that I have not entered the minimum repayment amount required for m...

stephenchodgins — Wed, 23 Apr 2025 21:44:53 GMT

Okay, good information to know. Thank you!