Question

Form T1135 Won't Allow 0 Cost amount at year end, Potential Bug

Forum|Forum|3 years ago
March 7, 2023
1 reply
0 views

Hi,

I'm working on the Foreign Income Verification Statement (T1135). I have several Foreign Properties that are Shares of Non-Resident Corporations, but some were sold in their entirety in this tax year. This means the "Cost amount at year end" should be zero, but when I enter "0" into this field, TurboTax won't let me save the entry and gives me a "Please check the box or adjust amounts entered".

This seems like a potential bug (just need to remove a 'costAmountYearEnd != 0' somewhere?), and it's blocking me from completing T1135 properly.

-Alan

TurboTax Online Standard

A

AlDoingUsTaxesAuthor

Note that there is no box to check, in reference to the error message "Please check the box or adjust amounts entered".

B

BrendaW-US

There is a work around at this time if you want to put 1 cent it will go through. The team is looking at this issue and we will update where there is a fix.

Thank you for choosing TurboTax.

G

generaljaf

On a similar theme, I had an income of negative 24. I tried both -24 and (24) and neither work. The error I get is "Incomplete fields. If nil, enter 0".

Help! Thanks in advance!