topic Confusion about HBP form in TT in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/confusion-about-hbp-form-in-tt/01/924377#M4383 <P>I don't understand the difference between filling in Section 1 Part A on one return and the same numbers on Section 1 Part B on the spouse's return, except that they give me two different answers!</P><P>We have one spouse who contributes to her own RRSP and withdrew $17,000 for the HBP. Her husband, who contributes to his own RRSP, withdrew $6,900 from his RRSP for the same HBP.</P><P>If I fill in his numbers in Part A of his return, I get a positive result on line 3, but if I fill in his numbers in Part B of her return, I get a zero sum. To me, the questions are the same, so why the different results.&nbsp;</P><P>Am I supposed to fill in her numbers in Part A of her return and his numbers in Part B of her return and then his numbers in Part A of his return and her numbers in Part B of his return?&nbsp;</P><P>It's very confusingly worded.</P> Wed, 30 Oct 2019 23:22:56 GMT Danno67 2019-10-30T23:22:56Z Confusion about HBP form in TT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/confusion-about-hbp-form-in-tt/01/924377#M4383 <P>I don't understand the difference between filling in Section 1 Part A on one return and the same numbers on Section 1 Part B on the spouse's return, except that they give me two different answers!</P><P>We have one spouse who contributes to her own RRSP and withdrew $17,000 for the HBP. Her husband, who contributes to his own RRSP, withdrew $6,900 from his RRSP for the same HBP.</P><P>If I fill in his numbers in Part A of his return, I get a positive result on line 3, but if I fill in his numbers in Part B of her return, I get a zero sum. To me, the questions are the same, so why the different results.&nbsp;</P><P>Am I supposed to fill in her numbers in Part A of her return and his numbers in Part B of her return and then his numbers in Part A of his return and her numbers in Part B of his return?&nbsp;</P><P>It's very confusingly worded.</P> Wed, 30 Oct 2019 23:22:56 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/confusion-about-hbp-form-in-tt/01/924377#M4383 Danno67 2019-10-30T23:22:56Z @Danno67 you must only fill in part A for each of them wi... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/danno67-you-must-only-fill-in-part-a-for-each-of-them-wi/01/924378#M4384 <P>@Danno67 you must only fill in part A for each of them with the amounts that they withdrew from their own returns. Part B does not apply to either of them, it is only used if he withdrew from her RRSP and vice versa, not from their own.&nbsp;</P> Wed, 30 Oct 2019 23:22:58 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/danno67-you-must-only-fill-in-part-a-for-each-of-them-wi/01/924378#M4384 TurboTaxZaid 2019-10-30T23:22:58Z Thanks. I didn't realize that spouses could withdraw fund... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/thanks-i-didn-t-realize-that-spouses-could-withdraw-fund/01/924379#M4385 Thanks. I didn't realize that spouses could withdraw funds from each other's RRSP. Wed, 30 Oct 2019 23:22:59 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/thanks-i-didn-t-realize-that-spouses-could-withdraw-fund/01/924379#M4385 Danno67 2019-10-30T23:22:59Z
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topic Confusion about HBP form in TT in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/confusion-about-hbp-form-in-tt/01/924377#M4383
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<P>I don't understand the difference between filling in Section 1 Part A on one return and the same numbers on Section 1 Part B on the spouse's return, except that they give me two different answers!</P><P>We have one spouse who contributes to her own RRSP and withdrew $17,000 for the HBP. Her husband, who contributes to his own RRSP, withdrew $6,900 from his RRSP for the same HBP.</P><P>If I fill in his numbers in Part A of his return, I get a positive result on line 3, but if I fill in his numbers in Part B of her return, I get a zero sum. To me, the questions are the same, so why the different results.&nbsp;</P><P>Am I supposed to fill in her numbers in Part A of her return and his numbers in Part B of her return and then his numbers in Part A of his return and her numbers in Part B of his return?&nbsp;</P><P>It's very confusingly worded.</P>
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<title>Confusion about HBP form in TT</title>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/confusion-about-hbp-form-in-tt/01/924377#M4383
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<P>I don't understand the difference between filling in Section 1 Part A on one return and the same numbers on Section 1 Part B on the spouse's return, except that they give me two different answers!</P><P>We have one spouse who contributes to her own RRSP and withdrew $17,000 for the HBP. Her husband, who contributes to his own RRSP, withdrew $6,900 from his RRSP for the same HBP.</P><P>If I fill in his numbers in Part A of his return, I get a positive result on line 3, but if I fill in his numbers in Part B of her return, I get a zero sum. To me, the questions are the same, so why the different results.&nbsp;</P><P>Am I supposed to fill in her numbers in Part A of her return and his numbers in Part B of her return and then his numbers in Part A of his return and her numbers in Part B of his return?&nbsp;</P><P>It's very confusingly worded.</P>
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@Danno67 you must only fill in part A for each of them wi...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/danno67-you-must-only-fill-in-part-a-for-each-of-them-wi/01/924378#M4384
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<P>@Danno67 you must only fill in part A for each of them with the amounts that they withdrew from their own returns. Part B does not apply to either of them, it is only used if he withdrew from her RRSP and vice versa, not from their own.&nbsp;</P>
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<pubDate>Wed, 30 Oct 2019 23:22:58 GMT</pubDate>
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<dc:date>2019-10-30T23:22:58Z</dc:date>
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Thanks. I didn't realize that spouses could withdraw fund...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/thanks-i-didn-t-realize-that-spouses-could-withdraw-fund/01/924379#M4385
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Thanks. I didn't realize that spouses could withdraw funds from each other's RRSP.
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<pubDate>Wed, 30 Oct 2019 23:22:59 GMT</pubDate>
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<dc:creator>Danno67</dc:creator>
<dc:date>2019-10-30T23:22:59Z</dc:date>
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