Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 11:23:25 AM

Want to add HBP of $565 to income (no rrsp). Entered 565-sentence under says "Enter the amount you wish to designate as a HBP rypmt". When enter $565 i get an error-why?

0 2 1459
1 Best answer
Level 11
Oct 30, 2019 11:23:26 AM

If you have no RRSPs to designate, leave that question empty. TurboTax will automatically calculate the line 129 (RRSP income) amount based on the information provided (zero RRSP contributions entered but an HBP payment due).

You can check the line 129 entry on the Detailed Tax Summary (Review tab - Bottomline Summary).

2 Replies
Level 11
Oct 30, 2019 11:23:26 AM

If you have no RRSPs to designate, leave that question empty. TurboTax will automatically calculate the line 129 (RRSP income) amount based on the information provided (zero RRSP contributions entered but an HBP payment due).

You can check the line 129 entry on the Detailed Tax Summary (Review tab - Bottomline Summary).

New Member
Oct 30, 2019 11:23:28 AM

Thanks for confirming.