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daverdee
New Member

Where do I input amount owed from a reassessment in Turbotax for this year's tax refund? e.g. I have a $700 debit in MyCRA but my refund this year is $1200

 
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Where do I input amount owed from a reassessment in Turbotax for this year's tax refund? e.g. I have a $700 debit in MyCRA but my refund this year is $1200

If you owe money to CRA you do not need to enter that into this year’s tax return.  CRA will automatically deduct it from your refund.  This will show up on your Notice of Assessment.


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Where do I input amount owed from a reassessment in Turbotax for this year's tax refund? e.g. I have a $700 debit in MyCRA but my refund this year is $1200

If you owe money to CRA you do not need to enter that into this year’s tax return.  CRA will automatically deduct it from your refund.  This will show up on your Notice of Assessment.


daverdee
New Member

Where do I input amount owed from a reassessment in Turbotax for this year's tax refund? e.g. I have a $700 debit in MyCRA but my refund this year is $1200

Excellent - this is exactly the answer I was looking for, I will file regularly then and let the assessment run it's course. Thank you!