I'm trying to complete Form T1198 for the 2024 tax year and trying to enter the year 2024 as the year of retroactive lump sum payment but it doesn't allow me?

[billybobber2567]

Using Turbo Tax Deluxe Online version, I can confirm that everything lines up properly and the 1198 is included in the submission to CRA electronically. I can also confirm, once submitted, the CRA did do the special calculation and indicated it on the NOA. Both my wife and I are teachers in Ontario. For hers, it did not change the result. For mine, it increased the refund! So, it will be YMMV depending on your individual situation. BUT YES, the program works and does what is is supposed to. Ensure you are on the latest version. 

[5196989880]

Hello

Did you start it after the fix? 

I have tried to do a refile even on a different computer so that it is the most up to date but it still isn't including it. No error message.  Just doesn't include it. I have deleted all the numbers in the form and have reentered them but no go.

Has anyone found the solution? I am wondering if I should start right from scratch but not sure I am allowed to do that as it won't show as a refile?

[billybobber2567]

No, I kept an eye on the forums here and waited until the fixes were applied before I even attempted to use the digital code and log in.

For the online version, it goes through all of the different things, and then comes to a page where it asks if any of the following pertain to you. One of the items is the 1198.  Then a few steps later, the form pops up and I just entered exactly what my board gave me on the 1198. Everything lined up. Continued on through the steps. Got to the end and once ready to submit I did a preview and among all of the items, the 1198 was also in there.

Submitted to CRA and within the hour, got the NOA with the confirmation that the 1198 was indeed included and a special tax calculation was applied. The NOA did say we got an 1198. Instead it indicates that a lump sum was included for previous years and a special tax calculation has been applied. 

For my wife, it said upon calculation, it was better to keep the lump sum in the 2024 year and nothing was added or reduced from her refund. For me, it said the calculation indicated to spread it out and as a result my refund increased.

[5196989880]

I was completing for a family member and was not aware until I initially went thru the error stage and found out.on this forum ot was an issue. 

When it worked I.assumed was working and filed. Only upon looking at pdf after did I notice it wasn't.

I.am still looking for guidance from TT how I can get out of the cycle and refile it

[mq212386]

This is great news. And unfortunately coming from a user and not TT. 

So it sounds like if you’ve started a return, it’s not going to capture the 1198 when you file. I guess I’ll restart my return for my wife and I (both teachers as well) and hope that it works. 

I think this will be my 6th time restarting this years taxes. Next year I’m looking for something other than TT. 

Let’s hope everyone can file correctly! Keep this thread alive! It’s been super helpful to me. Thanks all!