JT14
Returning Member
Member profile
Activity Feed for JT14
- Posted Re: Adding Schedule 5 on Troubleshooting. July 23, 2020 8:28 PM
- Cheered Re: Adding Schedule 5 for TurboTaxSusan. July 23, 2020 8:28 PM
- Posted Re: OK Dean, not sure if you have solved this issue. The way... on Investors and rental owners. July 23, 2020 8:02 PM
- Cheered How do i remove the canada care giver amount for a spouse for dean-byers. July 23, 2020 8:02 PM
- Cheered OK Dean, not sure if you have solved this issue. The way... for spenst2. July 23, 2020 8:02 PM
- Posted How do I reduce this year's net capital gains using a capital loss carried forward from a previous year, in TurboTax Business Incorporated (2018)? on Investors and rental owners. October 30, 2019 11:43 PM
July 23, 2020
8:28 PM
I have the opposite problem; I would like to NOT claim the Canada Caregiver Amount on my father's return (i.e., I don't want him to claim the credit for my dependent mother), so I changed the line "Do you choose to claim the disability transfer (if applicable) from your spouse" on form INFOWS from yes to no; however, line 51090 on schedule 5 remains set to 2230. The line "Is your spouse dependent upon you because of a mental or physical impairment (Canada Caregiver Amount)" is already not set to anything. I set it to no just to see if it would make a difference, but it did not. If I try manually override 51090, then I get a warning that says "If you override this calculation, you cannot file this return using netfile". Is there a way to not claim the Canada Caregiver Amount for a spouse, and still be able to file using Netfile? Edit: I seem to have found a way; say no to "Are you eligible to claim the spousal amount?" on form INFOWS.
... View more
July 23, 2020
8:02 PM
Thanks, that was useful. In my case, I think it is line 51090 (on Schedule 5) that I need to override. However, if I try to do so, then I get a warning that says "If you override this calculation, you cannot file this return using netfile". Is there a way to not claim the Canada Caregiver Amount for a spouse, and still be able to file using Netfile? Edit: I seem to have found a way; say no to "Are you eligible to claim the spousal amount?" on form INFOWS.
... View more
October 30, 2019
11:43 PM
I am using TurboTax Business Incorporated (2018). The corporation has net capital losses carried forward from previous years (already entered on Schedule 4, line 200). How do I reduce this year's net capital gains using this capital loss carried forward? It seems like line 225 on schedule 4 is the right place, but that field seems to want to be calculated (or filled in from somewhere else) by TurboTax; I can't find where line 225 gets filled in from.
... View more