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Tax years don't match when creating an FX return from an older T1 in ProFile

by Intuit• Updated 2 weeks ago

When right-clicking on a T1 and choosing Create FX, the software will default to the most recent FX tax year, regardless of the T1 tax year.

For example, if a 2011 T1 return requires a T1OVP form, a new FX return has to be created. To do this, go to File > New > Older FX Modules > 2011 FX.

The 2011 FX return can't be created from the 2011 T1 module. If you created the T1 for the current tax year, you can create the FX return by right-clicking on the T1 and choosing Create FX.

Intuit ProFile Tax