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I did a deeper dive into this issue this year.  Dami (March 13) is correct.  I discovered that although Brookfield Infrastructure holds foreign assets and pays distributions in USD, all entries on the T5013 are converted to CAD for CRA by the Canadian Depositary for Securities (CDS) or the broker and reported in Canadian dollars.  As an aside, I wonder why a similar conversion can’t be done for T5s for USD accounts.     She is also correct that this information flows into the Foreign Tax Credits Worksheet.   However, Box 135 represents income, and the total investment income on the T5013 along with other income sources flows through to Line 12100 on the T1.   So regardless of the income source on the T5013, the entries are ultimately aggregated and you pay tax on the total amount along with other income sources so given that all the entries are in CAD, why would the CRA care where the income is coming from.  It doesn’t affect the tax calculation.     Mirvine1’s suggestion from April 30, 2025 of using a 2nd T5013 form to split the BMU and USA entries would certainly work.  However the T5013 form is a real pain to fill in.  There are 4 pages of boxes and the box numbers aren’t even in sequence so I’m not inclined to do the extra work unless there is a really good reason why.

You need to go back through the HSA interview, @hendejm .   See the link below, then go back through the interview to ensure you have answered everything correctly.      Why am I showing an excess HSA contribution?

Can I get someone to weigh in on this? Am I missing some nuance of depreciation that makes what TurboTax is doing correct? I think it might be treating the depreciation in some way relevant to selling a house, but this approach doesn't make sense to me in this context. I created a new TurboTax account did some targeted tests changing office-use percent and in-service dates.  Given a home with a total basis of $390k, a whole-year of 10% office use using the straight-line method over 39 years should give us depreciation of $1,000 a year.  A 5% office would be $500 a year.  Move the in-service date to December 31st to limit the effect of the Mid-Month accounting rules.  Home size is entered as 1000 sq ft, and no other expenses are listed for the house.   Home-office in-service date can be any prior year, and it doesn't seem to matter as long as it's after the house in-service date. Here are the different scenarios for reporting 2025 office use percent.   House Acquired House Placed In Service For Business Use Prior Use % Prior Depreciation Of House 2025 Use % Depreciation Allowed 1 12/31/24 12/31/24 0% $0 10% $1,001 2 12/31/04 12/31/24 0% $0 10% $1,001 3 12/31/24 12/31/24 0% $0 10% $1,001 4 12/31/14 12/31/14 0% $0 10% $1,347 5 12/31/04 12/31/04 0% $0 10% $2,057 6 12/31/94 12/31/94 0% $0 10% $4,353 7 12/31/84 12/31/84 0% $0 10% $0* 8 12/31/04 12/31/04 10% $20,042 15% $2,029 9 12/31/04 12/31/04 10% $20,042 10% $1,000 10 12/31/04 12/31/04 10% $20,042 9% $794 11 12/31/04 12/31/04 10% $20,042 8% $589 12 12/31/04 12/31/04 10% $20,042 7% $383 13 12/31/04 12/31/04 10% $20,042 6% $177 14 12/31/04 12/31/04 10% $20,042 0%-5% $0 * fully depreciated For the dates involved, $20,042 is the historical depreciation TurboTax itself suggests for the 2004-2024 time period.  You can see that TurboTax gives us what we expect if we keep the office use percent steady the entire time after the house is placed in service for business use, but the depreciation allowed swings wildly if that use percent changes.   For the specific scenario affecting me, note that after 20 years at 10% usage, a drop to 5% usage disallows all additional depreciation.   For the alternate case - which is far worse - look specifically at rows 3-6: the same house with no depreciation ever taken, placed in service at varying points in the past, produces wildly different deductions depending on how close we are to the end of the 39-year life. At ~20 years in, TurboTax allows roughly 2x the straight-line amount: $2,057 at 10% use instead of the $1,000 the form's own formula would produce.  At ~30 years it has roughly doubled again to $4,353.  And then it doubles again in ~4.5 more years.  And again in ~2 years after that.  In the final year of the 39-year life, it approaches $39,000 - the entire 10% share of the home's basis, consumed in a single year. I can't get TurboTax to emit these final numbers directly because nonresidential real property placed in service before May 13, 1993 used a 31.5-year schedule rather than 39.   I'm aware that depreciation "allowed or allowable" gets recaptured when you sell, but that seems like a disposition issue -- it shouldn't govern current-year deductions.

@jakar    Yeah, for 1099-DIV, box 12 tax-exempt dividends from Mutual Bond Funds or Municipal ETFs....CA only allows you to exempt/specify the CA-bond $$ portion....ONLY if that mutual fund  has at least 50% of it's assets in CA State/Municipal obligations.  Thus, usually only CA-Specific Bond funds qualify for allowing you to  exempt any of their interest from being CA-taxable income.   If you happen to buy individual CA-Related bonds yourself, those $$ are reported in box 8 of a 1099-INT, and those $$ are allowed to be CA-Exempt.

Thank you for replying. I'm not sure that I understand your response - so can I check with you again. I e-filed, including form 5695 with a valid QMID. According to my IRS transcript, their computer system reviewed that filing and failed to recognize the QMID because it contains the letter "I". The IRS computer then reduced my refund by $2000 and paid me. Are you suggesting that I print out my original e-filing forms, remove the QMID (to show that as blank), add a "Substantiate PDF" page, and then mail that in to the IRS because TurboTax won't allow me to e-file with a PDF? Thank you for confirming.    

The only places you will see tax payments you made when filing are in your bank account and on your IRS Online Account page.    Your TurboTax return will always remain as you it was on the day you filed it, so no future payments will be applied.       If you paid your tax bill and are waiting the payment to go through, don't fret >> The first page of your tax return PDF is the Filing instructions - that page will show the date, account and amount you have scheduled.   It normally takes the IRS a few days to take the  payment, but it is effective the date you scheduled it, and confirmed by your e-file acceptance receipt.     See the IRS FAQ page 

To enter your tax instalment payments for the year in TurboTax Online, search for “instal” on the Tax Home page (2025 tax return on the left), and select “Tax Instalment Payments”.   To enter your tax instalment payments for the year in TurboTax Desktop in EasyStep Mode, click on the Find icon, & search for “instal”. Then select “Instalments” and click “Go”.    To enter your tax instalment payments for the year in TurboTax Desktop in Forms Mode, go to Line 47600 near the bottom of the T1 General.  

The fastest way to see where your money is is through the AZTaxes.gov portal.   Online Tool: Visit the ADOR Where’s My Refund? page.   What You’ll Need:     Social Security Number (SSN). Filing status (e.g., Single, Married Filing Jointly). Zip Code. Tax Year (2025). By Phone: You can call the ADOR Customer Care Center at 602-255-3381 or toll-free at 800-352-4090.

It appears that a sum of $671 was deducted from my federal tax return, purportedly for state tax obligations. However, the state did not receive this payment, and an additional $671 was subsequently withdrawn from my bank account. The initial amount that was debited has not yet been reimbursed by TurboTax. 

@spsmth113    If none of the above work, some folks have found that they have to go in and delete the Social Security Benefits Worksheet....THEN go back to the interview and it will work.  But that's kind-of a last resort.  

je viens d'ouvrir le logiciel il y avait une mise à jour disponible aujourd'hui . Mais ca ne fonctionne toujours pas. impossible de transmettre la déclaration provincial autant la mienne que celle de mon conjoint les deux ca met un message d'erreur .   Devons nous les envoyer par la poste ??