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Returning Member
posted Feb 27, 2021 4:18:12 PM

BUG - The line L-9 on Releve-1 is not reflected on line 297 (Miscellaneous deductions)

The deduction for stock options on line L-9 are already calculated by the company with the correct ratio of 25% or 50% for CCPC. The deduction from Releve-1 line L-9 should be carried over to line 297 - https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/276-to-297-taxable-income/line-297/point-2/

 

Instead only half of the T4 box 39 deduction is carried over which would only apply to non CCPC companies

0 5 1813
5 Replies
Returning Member
Feb 28, 2021 5:42:53 PM

So after long calls with Intuit tax expert, who said yes it is a bug and a technical department who told me that they don't know and I should talk to their tax expert or even better upgrade their solution to even more expensive one I decided to go with H &R Block which calculated the taxes properly.

 

 

New Member
Mar 2, 2021 6:45:35 AM

I have verified this appears to ignore anything in line. L-9 and in fact is using the summary deduction on the Quebec portion from the T-4 and not from the Releve -1.   This is clearly an issue and for anyone getting any stock options it is a serious miscalculation.   

Returning Member
Mar 5, 2021 6:18:01 AM

Turbotax support called me admitting this is a bug, they are working on the fix, no timeline yet.

Returning Member
Mar 22, 2021 8:15:13 AM

Still not fixed by intuit, probably start looking for another solution at this moment

Returning Member
Apr 13, 2021 2:35:49 PM

Looks like intuit decided to not care about this bug and not fix it. 

 

Use other software to do your taxes.