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Getting started
If you are reporting a rental or business income:
- your gross income is income including GST before any expenses claimed
- Then you claim the expenses and CCA
- The software will deduct the eligible expenses and the business use of the CCA based on the information you entered
- the net income is the gross income minus the expenses and the CCA
For more information on how to claim the business or rental income please visit this link:
https://turbotax.intuit.ca/tips/t776-tax-form-statement-of-real-estate-rentals-414
ā€ˇFebruary 12, 2021
1:29 PM