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TurboTax Support
Intuit

How do I enter foreign rental income in TurboTax?

To benefit from all possible credits and deductions on your foreign rental income, you'll need to report that income on a foreign slip.

Follow the instructions below to enter your foreign rental income into TurboTax. Before starting, fill out your personal information and tax profile to ensure optimal results.

  1. From the menu, select Find (the magnifying glass icon).
  2. Type t-slips in the search bar. Select T-slips, then Go.
  3. Select the Foreign Slip checkbox, then Continue.
  4. On the Rental: Foreign slip screen, enter the Source country, Exchange rate, and Foreign tax paid. TurboTax will automatically calculate your foreign tax credits based on this amount. 
  5. Enter your net rental income in the Other income (line 13000) box. If you need to calculate your net rental income, see step 9 below.
  6. Complete any other applicable boxes, then select Done With foreign income and proceed through your return.
  7. You’ll arrive at the Rental: Real Estate Rentals Statement screen. You can use this tool to determine your net rental income amount. Do not use it for reporting the actual foreign rental income, because you have already done so on the foreign slip. If you report the net income again here, it will be double counted. 
  8. Proceed until the Rental summary screen. If you completed the Rental: Real Estate Rentals Statement screen to determine your net rental income, delete the property now. To repeat, this prevents the foreign rental income from being double counted on your return.
  9. Select Done With Rental Income.
  1. From the menu, select Find (the magnifying glass icon).
  2. Type t-slips in the search bar. Select T-slips, then Go.
  3. Select the Foreign Slip checkbox, then Continue.
  4. Select Enter New foreign income.
  5. Enter the Source country, Exchange rate, and Foreign tax paid. TurboTax will automatically calculate your foreign tax credits based on this amount.
  6. Enter your net rental income in the Other foreign income box. If you need to calculate your net rental income, see step 9 below.
  7. Complete any other applicable boxes, then select Done With Foreign Income.
  8. Enter the amount of tax-exempt income (if applicable), then select Done With foreign income and proceed through your return.
  9. You’ll arrive at the Real Estate Rentals Statement #1 screen. You can use this tool to determine your net rental income amount. Do not use it for reporting the actual foreign rental income because you have already done so on the foreign slip. If you report the net income again here, it’ll be double counted. 
  10. Proceed until the Rental summary screen. If you completed the Real Estate Rentals Statement #1 screen to determine your net rental income, delete the property now. To repeat, this prevents the foreign rental income from being double counted on your return.
  11. Select Done With Rental Income.

Note: If you owned or held foreign property during the year with a total cost of over $100,000 CAD, you must also complete Form T1135. This property includes bank accounts, stocks, bonds, and real estate.

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