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New Member
posted Feb 21, 2024 6:05:12 PM

Entering unused RRSP contributions from line B of your 2023 RRSP Deduction... produces odd results. If I enter an amount, the refund is $10,000 higher than if I enter $0

0 7 1813
7 Replies
Moderator
Feb 21, 2024 6:17:41 PM

Are you using TurboTax CD/Download or TurboTax Online?

New Member
Feb 21, 2024 6:25:15 PM

Using the Turbo Tax CD.Download

Moderator
Feb 22, 2024 6:15:14 AM

Can you possibly take a picture or screenshot of where you are at when you enter the unused amount which makes your refund go so high?

New Member
Feb 22, 2024 9:52:37 AM

The first photo shows the refund with no Unused RRSP entered and the second photo shows the refund amount with the Unused amount entered and the screen accepted so that the refund amount is recalculated. 

Moderator
Feb 22, 2024 10:22:17 AM

It looks like it is trying to take a deduction of the full $70,000. If you enter an amount to carry forward, does it lower the refund?

New Member
Feb 22, 2024 11:19:48 AM

Yes, the amount entered directly impacts the Tax Refund, so, if $1,000 is entered in the Unused RRSP/PRPP contribution amount the refund is less than if a greater amount is entered.

Moderator
Feb 22, 2024 11:34:53 AM

 

Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.