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Rangus93
New Member

Bug - stock option deductible

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.

1 Reply

Bug - stock option deductible

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.
 

 

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