Kashmira-TurboTax
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- Posted Hi, To Change a password in TurboTax Online Log in to yo... on Getting started. October 29, 2019 11:40 PM
- Posted Hi, A fiscal period is the time covered from the day your... on Getting started. October 29, 2019 11:28 PM
- Posted Hi, After entering the tax instalments at the beginning,... on Seniors and students. October 29, 2019 11:19 PM
- Posted Hi, Thank you for your question. From the Summary & Revie... on Getting started. October 29, 2019 11:19 PM
- Posted Hi, You might find the below link helpful. https://turbot... on After you file. October 29, 2019 11:17 PM
- Posted Hi, Yes you can import your T4A slips through CRA import... on Getting started. October 29, 2019 11:17 PM
- Posted Hi, If you are using Turbotax desktop, during Introductio... on Getting started. October 29, 2019 11:16 PM
- Posted Thank you for your question. TurboTax is offering a new... on Getting started. October 29, 2019 11:16 PM
- Posted Hi, You can input your capital gain transactions in T5008... on Troubleshooting. October 29, 2019 11:16 PM
- Posted Hi, Thank you for your question. Yes on page 4 of your T1... on Troubleshooting. October 29, 2019 11:16 PM
- Posted Hi, Thank you for your question. You may have box 42 on... on Filing. October 29, 2019 11:15 PM
- Posted Hi,Past service contributions for 1989 or earlier years C... on Getting started. October 29, 2019 11:15 PM
- Posted Hi, Please find the below link for foreign tax credit. h... on Seniors and students. October 29, 2019 11:15 PM
- Posted Hi, Compare the amount you can claim with the amount your... on Getting started. October 29, 2019 11:15 PM
- Posted Hi, The Pension Income Splitting Optimizer only works if... on Seniors and students. October 29, 2019 11:15 PM
- Posted Hi, You can check in Schedule 3 – Capital gain summary to... on Investors and rental owners. October 29, 2019 11:14 PM
- Posted Hi, Please follow the below link to print your return cop... on Getting started. October 29, 2019 11:14 PM
- Posted You might find the below link useful https://turbotax.co... on Getting started. October 29, 2019 11:13 PM
- Posted Hi, You should be entering the net property tax. Thanks on Investors and rental owners. October 29, 2019 11:12 PM
- Posted Hi, You can refer the link below to enter T5013 https:/... on Self-employed. October 29, 2019 11:12 PM
October 29, 2019
11:40 PM
Hi,
To Change a password in TurboTax Online
Log in to your account.
Click the Tools button in the upper righthand corner.
Click Update Account.
In the Password section, click Edit.
Enter your current password and your new password in the appropriate fields.
Confirm your new password by retyping it in the Retype New Password field and then click Update.
If you do not remember your password:
Click the I forgot my user ID or password link on the TurboTax Online login page.
Provide the user ID or e-mail associated with the account you are logging into. This will trigger an e-mail to be sent to you.
If
you cannot remember the user ID, or no longer have access to the e-mail
account on record for TurboTax Online, you will need to create a new
TurboTax Online account.
Hope this helps, Thanks
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October 29, 2019
11:28 PM
Hi, A fiscal period is the time covered from the day your business starts its business year to the day your business ends its business year. For an existing business, the fiscal period is usually 12 months. A fiscal period cannot be longer than 12 months. However, it can be shorter than 12 months in some cases, such as when a new business starts or when a business stops. Self-employed individuals generally have to use a December 31 year-end. If you are an eligible individual, you may be able to use an alternative method of reporting your business income that allows you to keep a fiscal period that does not end on December 31. To know more details -
https://turbotax.intuit.ca/tax-resources/business-owner-tax/establishing-fiscal-year-for-your-busine...
Hope this helps Thanks
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October 29, 2019
11:19 PM
Hi, After entering the tax instalments at the beginning, did you opt for CRA autofill? If yes, then on accepting the process, the tax instalment would have got entered again hence doubled. You can go to line 476 of your T1 return and edit the Tax instalment amount. Hope this helps Thanks
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October 29, 2019
11:19 PM
Hi, Thank you for your question. From the Summary & Review - Click on Edit against Income section. Click on Income tab from top menu and Go to 'T4A' slip. Press 'Edit' for the T4A and enter box 118. Sale of car - Go to Profile section - Click on Edit against Income. Select 'Yes' for 'Did you had income from investments and sale of real property?' Did you sell stock, bonds, mutual funds, real estate or other property? -'Yes' Tick on -'I sold an automobile, RV, ATV, boat, cottage or furniture (personal use property )' and Continue. Follow the interview steps and enter the sale proceeds to calculate gain/loss. Hope this helps. Thanks
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October 29, 2019
11:17 PM
Hi, You might find the below link helpful.
https://turbotax.community.intuit.ca/questions/1190138-i-have-filed-%20my-tax-return-can-i-still-mak... Thanks
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October 29, 2019
11:17 PM
Hi, Yes you can import your T4A slips through CRA import feature of Turbotax. The Canada Revenue Agency already has much of your current year tax
information before you actually file your tax return. When a T slip is
issued to you from an employer, a government agency, or other source
such as your bank or RRSP provider, the issuer also sends a copy to the
Canada Revenue Agency. These copies are assigned to your Social
Insurance Number and are housed in your CRA My Account along with your
previous tax returns, carryforward amounts, and other tax related data.
When you submit your tax return, CRA then compares the information
you've filed to the information in your CRA My Account.
Auto-fill My Return lets you download the information already in your
CRA My Account directly into your tax return. TurboTax then
automatically transfers your data to the proper spots within your
return. With just a few clicks, your tax return is filled with the most
accurate and up-to-date information available, right from CRA.
https://turbotax.intuit.ca/tax-resources/auto-fill-my-return/overview.jsp Hope this helps Thanks
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October 29, 2019
11:16 PM
Hi, If you are using Turbotax desktop, during Introduction step-by step interview give What province did you live as your Province of residence as on 31/12/2015. And mailing address details in Contact info step. If you are using Turbotax online - Give Province of residence in third page of Introduction and give your mailing address details on your contact info page. Hope this helps Thanks
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October 29, 2019
11:16 PM
Thank you for your question. TurboTax is offering a new free
software this year which may meet your needs. To learn more about
TurboTax Free Online, please follow this link: http://turbotax.intuit.ca/personal-tax-software/free-online.jsp?iref=tto-freemium_TY15_TTFree If you have used TurboTax in previous years, you can sign in with the same userID and password using this link: https://ww1.2015.free.turbotaxonline.intuit.ca/signin Thanks
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October 29, 2019
11:16 PM
Hi, You can input your capital gain transactions in T5008. The CRA requires you to complete tax form Part 3 Schedule 3 for each stock trade identified on your T5008. For, Short sales whose position is still open, you need not report it in Schedule 3 Thanks
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October 29, 2019
11:16 PM
Hi, Thank you for your question. Yes on page 4 of your T1 tax return- line 420 -Net Federal tax owed(refund) line 428 -Provincial and territorial tax balance After other tax instalment and other credits adjustments line 484 is the Refund amount Or line 485 is the Tax balance you owe to pay.
Hope this helps Thanks
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