Open TurboTax
I was on the phone to support until they cut me off after an hour and didn't call back
I am using the version on my tablet, to file my Canadian taxes
I received stock options, not through payroll. Therefore it is not on my T4, box 38 etc.
I have exercised these options so I need to file the income on them. This is easy as I can do this in the "other income" line (FMV when exercised less the grant price). I also used these line for the income from my RSUs.
However, the issue comes with the deductible. I qualify for the 50% stock option deductible. So I need to be able to input this so it flows to line 24,900. However there is no form or option to fill out a line item that would flow properly.
So right now I have the income, say $1,000 , but I need to be able to put in the stock option deductible (50%, so $500), so that it flows to 24,900. This is not possible I don't think. Please help. Is it version issue? Do I need to upgrade or something? It's very unclear but when I spoke to support they seemed to understand the issue but confused how to fix it.
No, there is no way to do this without a T4.
From the TurboTax Do It Yourself (Online) help files: Your claim at line 24900 for tax year 2025 depends on which box was used on your T4 slip to report the securities option deduction.
TurboTax is the same way.

Rangus93
New Member
tax_idiot11
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.