ERROR: Additional security options deduction (24901)

tax_idiot11 — Thu, 08 May 2025 00:35:19 GMT

I actioned stock options last year.

While the Canadian government planned to change capital gains deductions from 50% to 1/3rd, my company stuck with the former 50% amount. That means the full 50% deduction (box 91) is listed on my T4.

Now that the government has changed their plan, tax softwares need to correct any 33% deductions by adding another 16.67% (box 24901 of return).

However, turbotax doesn't seem to know mine is already 50%. It simply assumes a 33.33% deduction and added another deduction of 16.67% to my return that I can't find a way to override (I'm using online tool).

Does anyone know what to do?

Re: ERROR: Additional security options deduction (24901)

TurboTax_Susan — Fri, 09 May 2025 19:00:44 GMT

Move your amount from Box 91 - Security Option Deduction - On or after June 25, 2024 to Box 39 - Security Option Deduction - Before June 25, 2024.

topic ERROR: Additional security options deduction (24901) in Troubleshooting

ERROR: Additional security options deduction (24901)

Re: ERROR: Additional security options deduction (24901)