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New Member
posted Aug 14, 2023 7:17:08 PM

Where to input 'prescribed prizes'?

My wife won an award which, according to the issuer, is exempt from taxes. It is considered a 'Prescribed Prize'. Yet I cannot find where the TurboTax form gives the option to put this in. There is the category, "Other scholarships, grands, awards, etc" but this is taxed.

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1 Replies
Returning Member
Apr 30, 2024 12:45:01 PM

Hi Robert,

 

You don't report the prescribed prizes according to CRA's income tax folio.

 

Hope this was helpful

Heba