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?

[TurboTaxAniqua]

@kpf2 T1198 users are currently unable to enter "2024" as the tax year. This issue is known and will be resolved as soon as possible. The Tax Year field is for reference only and will not be transmitted to CRA via NetFile. Users can leave this field blank until the issue is fixed. We are aware of the issue and are working on getting this fixed. We appreciate your patience.

[Taxmastercpa]

I am having the exact same problem with T1198, line 68519 not agreeing to the total of line 68520 to 68560.  You say it has been fixed but that does not seem to be the case. Please help.

[TurboTaxAniqua]

We are aware of this issue and our development team is working for a resolution. We appreciate your patience.

[tonyriccio · Accepted solution]

Just updated my Turbotax program and it looks like they fixed Form T1198 to accept the year “2024” as the year of payment for the lump sum payment. It no longer gives me an error when I do a review of the return. Hope everyone else is able to process their returns now. I will try E-filing later in the day and hope that I don’t receive any errors. Will let everyone know if I do.

Thanks TurboTaxAniqua (Moderator) for devoting attention to resolving this issue.

[Taxmastercpa]

TurboTax for T1198 still not working.

[travismyth]

Still not working. This is a bad look on TurboTax-- from a tech point of view-- this is a code fix. Get on it!

[tonyriccio · Accepted solution]

The error on Form T1198 re: entering the year 2024 was resolved this afternoon. Just finished E-filing my tax return and did not get any errors!

[chrisj888]

The development teams need to work faster. This is truly not that complex.

[TurboTaxAniqua]

@tonyriccio We are glad to hear that. Thanks for the update.