2024 Tax Year Line 22100 now requires form T691?

Forum|Forum|1 year ago
March 17, 2025
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I'm unable to save a PDF of my return because I have entered my investment management fees into Line 22100 (where I entered them for 2023 tax year). I keep getting an error that because I have entered an amount on Line 22100, I have to enter something onto specific lines contained in Part 1 of form T691.

When I look at form T691, nothing on that form applies to the management fees I'm entering. How can I get past this?

Since I have self-employed income, should I just enter that amount as management fees in T2125 business income? Anybody have any ideas or seen this situation before?

Not sure what to do here as it won't let me save as PDF, print or file at this point.

Best answer by TurboTaxBrenda

Ugh, yes, I spoke too soon. I am able to save a copy of my return, however, even though I do not have income over $40k, I'm still flagged for the T691 citing line numbers for items that do not apply to me. I have management fees for investments that I've claimed on line 22100 in previous years, however, this year it says I am missing an entry on line 67820 or 67840 - neither of which apply to my situation.

If I do not complete this form, will I be flagged for an audit? Are management fees no longer allowed even though line 22100 shows one of the items is management fees? This is very concerning and frustrating. As best as I can see, the requirements for the AMT as described at CRA, TurboTax Help and everywhere else I can fine, don't apply to my situation. It may be easier just to not enter the management fees as it only results in a reduction of $30.00.

The CRA has announced systems tax calculator errors that may affect your ability to file. These errors are affecting all CRA certified tax software across Canada.

TurboTax is in direct contact with senior Government of Canada officials at CRA, underscoring the urgent need for accountability and decisive action to resolve these issues for our customers and all Canadians.

If you see one of these error codes, please visit: What does my NETFILE error code mean and how do I fix it?

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TurboTaxAniqua

If you fall into a certain category of investment income earners, which in turn allows you to claim certain related deductions and tax credits, you may have to calculate the alternative minimum tax on Form T691 in your tax return. If your total related income is $40,000 or more, you may have to pay minimum tax.

The Alternative Minimum Tax (AMT): How It Works and What You Need to Know

All the locked forms will be unlocked and ready by the 20th of March, 2025, and you will be able to print/save/Netfile. We appreciate your patience.

Thank you for choosing TurboTax.

dlms55Author

I'll have to see how everything behaves after final forms are available. I've read through the link supplied and that situation does not apply to me. Thanks for the information!