Where do i submit a section 60l(v) deduction from RRIF income in turbotax
this is for an excess deduction from a RRIF in early 2015 reversed later in the year (when the government lowered the mandatory withdrawal percentages)
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1 Best answer
TonyC11
Level 6
Oct 29, 2019 9:29:28 PM
The General Guide for 2015 indicates these amounts are to be entered as 'Other Deductions' and should appear on line 232 of your 2015 return.
3 Replies
TonyC11
Level 6
Oct 29, 2019 9:29:28 PM
The General Guide for 2015 indicates these amounts are to be entered as 'Other Deductions' and should appear on line 232 of your 2015 return.
notb4time
New Member
Oct 29, 2019 9:29:29 PM
This may well be the CRA guide's answer, however my Turbo Tax Standard 2015 does not have a line item entry, in "Other Deductions", for a 60L(V) RRIF re-deposit. I suppose "Other Deductions" under "Other Deductions" could be used.