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April 26, 2025
Question

I received retroactive pay in 2024 going back to 2019. How do I complete the T1198? No breakdown of principal & interest received?

  • April 26, 2025
  • 1 reply
  • 0 views
I received a letter stating the amounts for each year and the total funds received.

    1 reply

    TurboTaxSusan
    May 1, 2025

    Did the letter say the total funds were for a "Total Amount" or a "Total Principal"? If it said "Total Principal" then there was no interest paid out.