To claim mortgage interest on a rental property:
- Open your TurboTax online return. At the top of the page, there is a "Find" icon.
- Click "Find" and type Rental Summary in the search bar. Press Go.
- Select "Enter New Rental Income". This will take you to the Real Estate Rentals Statement page.
- Fill out the appropriate information and press Continue.
- On the Rental Profile page, select Rental Expenses, and press Continue.
- Now you should be on the T776 Rental Expenses page. This page is where you will enter your rental expenses, including the mortgage interest amount.
- Select Continue, and fill out any other relevant information on the next few pages. The Continue button saves your entries. Press Done.
For more information, please see our TurboTax article:
Claiming Expenses on Rental Properties | 2022 TurboTax® Canada Tips (intuit.ca)
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