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hallk4321
New Member

I answered no to working in 2017 and have a lump sum cash portion pension buyout payment I need to report. I now see no where to report this?

As above.

1 Reply

I answered no to working in 2017 and have a lump sum cash portion pension buyout payment I need to report. I now see no where to report this?

If you receive a lump-sum payment, it appears on a T4A slip, Statement of Pension, Retirement, Annuity and Other Income, or a T3 slip, Statement of Trust Income Allocations and Designations.

Enter the information into TurboTax from the slip you receive and it will transfer to line 130 of your income tax return.

You can get to this section at any time, even if you answered "No" in the ProFile, by going to Income > T-Slips > 

https://turbotax.intuit.ca/tips/lump-sum-payments-6363