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New Member
posted Dec 26, 2023 8:07:35 AM

The deduction summary shows a value under carrying charge, support and other. I don’t see that value on any entered forms. Where can those values be entered?

0 3 514
3 Replies
Moderator
Dec 27, 2023 9:25:03 AM

If you are using the TTO:

  • From the "Find" Engine on the top bar
  • Search for Investment Expenses
  • Will open a screen with the names that have Investment Expenses and checkmarks under the name
  • Click Continue
  • Check if you have any Interest paid or money paid to acquire a partnership

If you are using TTD"

  • Switch to the "Forms" mode from the top blue bar
  • At the bottom, bar click on "Forms" beside your name
  • Choose the "INVEST" form
  • Check if you have any amount on line 221 for Carrying Charges
  • You can update the amount in this form

Thank you for choosing TurboTax

New Member
Dec 29, 2023 8:14:38 AM

The value appears to be indirectly related to an amount entered for tax on foreign dividend income.  Is there a way to see a worksheet that captures how the calculation was made?  Help references just point to a Revenue Canada page.

Moderator
Dec 29, 2023 10:22:08 AM

Unfortunately, there is no way to see worksheets in TurboTax Online, only the forms that are included in the PDF file of your return.

 

Please contact our phone support at 1-888-829-8608 as they will be better able to assist you. They can look at your return with you to see where this amount might be coming from.