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March 29, 2025
Question

I need to report taxable benefits from exercising canadian-controlled private corporation stock options, and where do I enter at TurboTax software as I don't have T4

  • March 29, 2025
  • 1 reply
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    1 reply

    TurboTaxSusan
    March 30, 2025

    If you receive options from a Canadian controlled private corporation, you do not have to declare them when you exercise the options. Instead, you wait until you sell the options, and you report them on the tax return you file for that year.

     

    March 31, 2025

    How do I find  24900 or how to enter the Security Options Deduction as I can’t locate corresponding field at other deduction at Turbotax