did you buy a home, condo, apartment or mobile home this year?

My house is still under construction, should i say yes or no. If i say yes, will i be able to take money out of RRSP on HBP ? i am planning to withdraw money during the possession, which is sometime around June 2015.   Please advise Thanks 

Answer

This question, and any question in the Profile section, are used in Turbotax on-line as a means to present the user with only those entry screens that are necessary to step through a tax return. Nothing you answer here has a direct impact on what you file with CRA or how you proceed with your house and HBP RRSP withdrawals.

The bottom line, say yes and then answer whatever steps follow. If you have not made any 2014 RRSP withdrawals yet, not got any 2014 T4RSP slips, then enter nothing..

In Turbotax EasyStep preparation, the approach if you are uncertain of a question is to take the 'yes' option, then enter nothing if you later find you didn't have any entries.  Conversely, if did make an entry which you find was not needed or otherwise incorrect, go direct to the entry step and delete or change the entry. Changing your Profile answer from yes to no will not delete anything already added to your tax return.
Was this answer helpful? Yes No
Default user avatars original
SuperUser

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community