When filing my return, when does the Pension Splitting Optimizer appear? I've made it all the way through to review and file for both my return and my husband's, but I haven't seen it yet. I'm using Turbotax Standard.
You need to tell TurboTax you want to split your pension in personal tax profile section. To do so:
Now if you step through the review section you will see the pensions splitting optimizer. If you want to go there directly, click Review > Split Your Pension with Your Spouse.
You need to tell TurboTax you want to split your pension in personal tax profile section. To do so:
Now if you step through the review section you will see the pensions splitting optimizer. If you want to go there directly, click Review > Split Your Pension with Your Spouse.
Pension split reporting on separate return- Please follow steps below:
Go to Spousal return of the one splitting the income.(Spouse A return)
1. Go to review on left menu panel.
2. Go to Bottom Line(Tax Summaries)
3. Click on "Spouse Name" - Review T1 General. (The file will download, click on it to open - Spouse A T1 General)
Go to Spousal return receiving the split income. (Spouse B return)
1. Go to Additional information about "Spouse A"
2. Was "Spouse A's" net income for 20XX zero? Click -> NO
3. Net Income Line 23600 -> Look up the line from Spouse A T1 General and enter it in.
4. Total Split Income Line 68360 -> Look up the line from Spouse A T1 General and would be the Line 23200 (same as line 68360) and enter in the amount there, if empty enter in 0.00.
5. Enter in the remaining info and click on continue.
6. Click on Income on left menu.
7. Click on Split income with your spouse
8. Click on Spouse A's Pension
9. For "Amount that you wish to split with your spouse," make sure you enter the same amount you entered in your spouses return. Should be the same as Line N on T1032 form in Spouse A T1 General.
10. It will ask you for Line A, O, 68025 and 68026. Look up these in form T1032 in Spouse A T1 General and enter in the info and click continue.
The amount should now show up under Spouse B's pension income.
davesuzuki
New Member
ddkjo
New Member
lucejummy
New Member
louellajw
New Member
irelynn8
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.