TurboTax 2017 states that HPB needs to be paid back in the 1st yr. However, I called the CRA and they advised the tax software is incorrect; it's paid back in the 2nd yr.
When filing my taxes, I received a notification in TurboTax stating "2017 HPB and LLP repayment required but not made and included in income".
They said I cannot have this notification on my taxes when filing as it will cause something to be flagged. Any thoughts for a workaround/resolution on this?
02853
2 Replies
TurboTaxJennifer
Level 11
Oct 30, 2019 8:04:11 AM
Since you do not have any repayment due, you can remove the HBP info from your return.
Anonymous
Not applicable
Oct 30, 2019 8:04:13 AM
Thanks! Do you have any suggestions for how to remove It? It automatically came up when my RRSP information auto-filled in to Turbo Tax.