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Returning Member
posted Apr 28, 2024 12:55:10 PM

I forgot to input some interest from an account I was an executor on.

What do I do if I forgot to input some interest from an account I was an executor on for tax years 21 and 22?

0 4 1036
4 Replies
Moderator
Apr 28, 2024 1:04:11 PM

If the returns were for a deceased person, you can submit an adjustment by mail using this CRA form: https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1-adj.html

 

Returning Member
Apr 28, 2024 1:15:30 PM

The interest is from an account from a deceased person. There were three executors and we each claimed a third of the interest. I took ten years to get everything settled because of a few complications. 2023 is the last year that I will have to claim this and I claimed the interest for all of the other years but when I was looking through my "stuff" for 2023, I realized I forgot 2021 and 2022. I was going to use the change return section of turbo tax, but thought that I would check to see if that's the best option.

Moderator
Apr 28, 2024 1:28:34 PM

If the interest needs to go on your return (not the deceased person's), then you can use ReFile to add the interest. 

Returning Member
Apr 28, 2024 2:08:26 PM

I thought so, but just wanted to make sure.

Thank You