Turbo Tax 2023 - FHSA deduction

[bwbeavis]

Turbo Tax 2023 does not appear to have a deduction line for First Home Savings Account credit. Will the software be updated?

[TurboTaxGinette]

Yes there is continuously updates being done. Please tell us which TurboTax software you are using; Online or Download and which version so we can try and duplicate this. Have you received and entered your T4FHSA yet?

Thank you for choosing TurboTax.

[bwbeavis]

Using Turbo Tax 2023 Standard CD / Download, Version 00.01.12

T4FHSA not yet received, too early.

However, I have started my return and could not find any deduction or credit line in the software for the First Home Savings Account (FHSA), nor any Help within the software for this Federal deduction / credit.

[TurboTaxGinette · Accepted solution]

This issue has been duplicated at our end and it cannot be found in the Easy Step mode. 

Fortunately, the FHSA can be entered in the forms view of the software as seen in the images below. You will first need your T4FHSA slip to enter your information.

We have sent this on to our team to be verified. Thank you for letting us know.

Thank you for your patience.

[bwbeavis]

Easy to understand this solution. Thank you, Ginette.👍

[TurboTaxGinette]

You're very welcome.

Thank you for choosing TurboTax.

[Georgetown]

Schedule 15

Line 19

TT says it's a calculated field. I think you've got outstanding issues there. That field should function similar to the RRSP worksheet which allows manual input.

Furthermore, no 2024 carry fwd info shows up when running the Check process.

Looks sloppy right now, please tell me you'll have it cleaned up in time.

[TurboTaxGinette]

Have you received and entered your T4FHSA yet? This then opens other lines which show up as needed.

Thank you for choosing TurboTax.

[mmcintosh9999]

It's line 20 on schedule 15 that is the problem. I should be able to reduce this amount if I want to carry forward part of my 2023 contribution but TT won't let me because it is a calculated field.

I am using the desktop version and I downloaded it Jan 20th.

[TurboTaxSusan]

@mmcintosh9999 Our product development team is looking into this.