I still can't netfile and turbotax is telling me that if I have a T1198 then I would would need to send paper copies. I called the CRA yesterday and they said that I should be able to netfile so Turbotax really has a problem. If other people are able to use wealthsimple and file their T1198 online then Turbotax really has a problem. I have been using Turbotax for over a decade and this is the worst year so far. I like to do my taxes early but now I have to check for updates everyday?
I can access the form but it isnt letting me fill it in properly. Keeps telling me "The total amount of payments received (box 65818) must equal the total principal plus interest amounts." I dont have principal or interest. I was given a lump sum retro pay & taxes were taken off already.
Been having the same issue. Last weekend. And still today. Someone is to call, but nobody has yet.
The error code says "the total amount of payments received (box 65818) must equal the total principal plus interest amounts...."
But the actual box number on the form they are referring to is 68518 ... so looks like it's a coding error on the verification.
Turbo tax needs to fix.
@RLF01 Yes, T1198 form is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?
We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.
We appreciate your patience.
This is not entirely accurate. Using Ufile, I am able to netfile a return with a T1198, while with TurboTax I am still unable to Netfile. When will there be an update available?
@2rodaw T1198 form is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?
We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.
We appreciate your patience
Once this form does work, will the CRA special calculation then automatically happen or does a person have to request it?
T1198 form is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?
We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.
We appreciate your patience.
Thank you for choosing TurboTax.
You can enter the amounts below under the relevant years but T1198 is giving error message "must enter a value between 0 to 2023" when I tried to type in the payment year of 2024
Still getting the error for the "Year of Payment" box on the T1198 form... will only accept up to 2023... when will the update to the form happen so it will accept 2024 in this box. I am unable to file till this error in the program is corrected. I have been ready to file for nearly 3 weeks now, just waiting on this update. I saw the program had an update today when I launched to check, but not for this error. No excuse here, correct the code to accept the correct tax year date.
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