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For the 2024 tax year, where do you enter qualifying years found within a T1198 (Statement of qualifying retroactive lump-sum payment)? E-Submissions is possible now.

I can't seem to find the section with Turbo Tax to enter these details.
3 Replies

For the 2024 tax year, where do you enter qualifying years found within a T1198 (Statement of qualifying retroactive lump-sum payment)? E-Submissions is possible now.

In TurboTax 2024, the T1198 is not finalized yet. We're working hard to finalize this form to align ourselves with CRA requirements, and we hope to have it ready soon.

 

 

 

ash12345
New Member

For the 2024 tax year, where do you enter qualifying years found within a T1198 (Statement of qualifying retroactive lump-sum payment)? E-Submissions is possible now.

Is there any update as to when this will be ready. We have done all the work and made the payment and now can't submit.

For the 2024 tax year, where do you enter qualifying years found within a T1198 (Statement of qualifying retroactive lump-sum payment)? E-Submissions is possible now.

I was ready to submit as well but I will be tied up on business for a bit, so I decided to try out wealthsimple for the first time - a little bit of a pain to redo my tax return but they have the form ready. I've only used Turbo Tax (and Quick Tax) over the years, too bad they weren't ready for Tax season.