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hein95
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On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

 
9 Replies

On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

We have verified on both TurboTax Online and TurboTax Download and all T4A(OAS) - Old Age Security have Taxable Pension Paid for Box 18. There is no box indicated for Lump Sum Payment. 

Please verify that you are in the T4A(OAS) and not the T4A - Pension, Retirement, Annuity, and Other Income where Box 18 is for Lump Sum Payment. 

 

Thank you for choosing TurboTax.

On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

no that is not correct

 

On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

Shis should be box 16

On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

no that is not correct.

 

On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

This is not correct , it was paid monthly.

 

On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

T4A(OAS) was paid monthly

 

On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

T4A(OAS) was paid monthly

On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

T4A(OAS) was paid monthly

 

 

 

 

 

 

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On T4A(OAS) box 18 is Taxable Pension Paid but on Turbotax Box 18 says Lump Sum Payment - is this correct box to put OAS pension amount or should it be in Box 16?

Yes, you will enter the amount in box 18 just as it is on your T4A(OAS) slip.

 

Thank you for choosing TurboTax.