Creating return for rights and things

[dbush]

I have a married couple clients. Husband passed last year. I’ve done the final return for him but it’s beneficial to do a rights and things return as well.

Is there a quick way (i.e pushing a button) to open a new return for him for Rights & Things that will transfer all his personal information, saving me the effort of inputting it all? Something like the carry-forward button?

[jhd.hemeon]

I opened the terminal return, deleted all slips & other schedules, like medical, donations. Then save under a new name such as John Doe 70(2), and entered the income and deductions applicable to that return. Probably no faster than starting from scratch, but that’s how I handled it.

[BertMulderCGA]

Or do a new carryforward, and delete the spouse…

[dbush]

I tried that but it kept reminding me that there were returns with the same SIN available and other ‘critical errors’.

I ended up creating a new return. It gave me less error notifications.

[dominique_dabolczi]

@dbush
@taxcycle

#Deceased Return and #Deceased Optional Rights and Things Return

Great topic
Would love a @TaxCycle webinar on how to prepare #Deceased Return and #Deceased Optional Rights and Things Return using TaxCycle efficiently and effectively

Here are three resources I found on this topic:

CRA Deceased Return

Types of returns

Depending on the situation, you may need to file more than one tax return:

• T1 Income Tax and Benefit Returns
  • Final Return for income earned up to the date of death
  • Optional T1 returns to include income that would otherwise be reported on the Final Return, which may reduce or eliminate tax for the person who died
• T3 Trust Income Tax and Information Return for income earned after the date of death that hasn’t been paid to beneficiaries
• Previous year returns that were not filed by the person who died
• Provincial and territorial tax
  https://www.canada.ca/en/revenue-agency/services/tax/individuals/life-events/doing-taxes-someone-died/prepare-returns/what-to-file.html
  Source: https://www.canada.ca/en/revenue-agency/services/tax/individuals/life-events/doing-taxes-someone-died/prepare-returns.html

RBC Wealth Management
https://ca.rbcwealthmanagement.com/documents/208666/2803661/Optional+Returns+for+a+Deceased+Individual.pdf/9b231eb1-24fc-4d94-8486-33fdb8496da8

Empire CPA

What is a Rights and Things Return? | Empire CPA

[BertMulderCGA]

It is the seasoned preparer that can distinguish between warnings and errors. You are always going to get a warning that another return exists for that sin.