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November 3, 2021
Question

Found bug in foreign tax credit reporting on condensed T1 form

  • November 3, 2021
  • 1 reply
  • 0 views

I found a bug when reporting the foreign tax credit. We have foreign employment and foreign investment income, with foreign taxes on both. This appears to have entered the TurboTax system correctly, as the TurboTax generated long form return duplicate I printed shows three different TT209 forms that cover these two sources. However, only the foreign investment associated tax credit was reported on the condensed T1 that TurboTax generated for mail submission to the CRA, while the much larger foreign tax credit associated with employment income was not transferred over. This led to the CRA declaring a calculation error on the notice of assessment, and reducing my refund by $1900 below what TurboTax had calculated. Very disappointing, especially after upgrading to the most expensive TurboTax offering. I am now in the process of amending my return.

1 reply

DoninGA
Employee
November 3, 2021

This is the TurboTax US user community website.
Go to this TurboTax Canada website for assistance with a Canadian tax return or the TurboTax Canada editions - https://turbotax.community.intuit.ca/community/turbotax-support/help/03/en-ca