topic Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version in Troubleshooting

Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

lada — Fri, 28 Feb 2025 00:58:23 GMT

1. When Turbo Tax collected Profile info - I selected check box for the question :

"Did you receive qualifying retroactive lump-sum payments (T1198)" . Next to the box, the question mark, when I press, Error 404 appears. And no where I was presented with options where to enter info from 1198 Form.

2. Pension Income Splitting - I selected option to Split income and indicated the amount, but unable to enter it into my partner's Income into line 11600 (I was able to do it in previous years)

AND MANY MANY more issues - unable to add topics etc

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

TurboTax_Susan — Fri, 28 Feb 2025 20:11:46 GMT

The T1198 is still being worked on.

You can see a list of Forms that still locked here: Why does TurboTax say my forms are locked or haven't been finalized? We're working hard to finalize these forms to align ourselves with CRA requirements, and we hope to have them ready soon. We appreciate your patience.

As for the pension splitting – TurboTax Online doesn’t allow you to enter line numbers directly. Also, line 11600 is the amount of pension the receiving spouse is getting, and is automatically generated if you and your spouse are preparing your returns together. If you are preparing your returns separately, you won’t see your spouse’s return, and so can’t see their line 11600. You would instead look at line 21000 on your detailed tax summary to find the amount of pension you have transferred to your spouse.

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

amherstpm — Sun, 02 Mar 2025 16:10:52 GMT

Is there a timeline for the T1198? It is not right that you guys took payment when we can't even file because of an unavailable T1198 on your end?!

Please advise when what date and time one becomes available otherwise our payment should be refunded!

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

TurboTaxAniqua — Sun, 02 Mar 2025 17:04:44 GMT

@amherstpm T9118 form is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?

We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for accurate calculations.

We appreciate your patience.

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

lada — Mon, 03 Mar 2025 12:30:23 GMT

I have tested the Wealthsimple and can tell you that their software already set up to accept Lump Sump payments from T1198 and gives the option to enter each line for corresponding year of Lump sum. So it's is not true that it's a CRA issue, it's Turbo Tax issue, simply because other software already have this functionality working.

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

TurboTaxAniqua — Mon, 03 Mar 2025 17:32:43 GMT

@lada T9118 form is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?

We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for accurate calculations.

We appreciate your patience.

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

jfjakob — Sun, 16 Mar 2025 02:00:47 GMT

Is there still no timeline on when the T1198 will be finalized and updated? It's been 2 weeks since the last reply on this thread. I want to file ASAP so I can figure out repayment ASAP.

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

TurboTaxAniqua — Sun, 16 Mar 2025 16:10:44 GMT

T1198 form is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?

We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.

We appreciate your patience.

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

Lin123_c — Fri, 25 Apr 2025 23:52:41 GMT

I am preparing returns separately for spouses because the husband passed away. I still want to income split from the wife to the deceased and want to enter a value in line 11600. How do I do this? I double clicked in the line and it took me to T1032 and I put in the value that should be on the receiving return, but the value still doesn't show up on the return. Is there an issue with the program? Thanks.

Re: Problems with Lump Sum T1198 and Pension Income Splitting - Online Version

Anonymous — Fri, 02 May 2025 12:30:41 GMT

You can do the split pension in a joint or separate return. If you are doing 2 separate returns, you'll have to fill out a T1032 form for both.

For the transferring spouse, split amount will appear on line 21000, for the receiving spouse, split amount will appear on line 11600.

We invite you to consult this FAQ article on the subject:

How do I split my pension income using TurboTax?

Thank you for choosing TurboTax.