I am a sole owner of the rental condo
but after I enter all the expenses, turbo tax seemed to more than double the rental income received
Can you please specify which TurboTax version you are using? Is it TurboTax Online or Desktop?
Thank you for choosing TurboTax.
Hi I am using desktop version
is hst on preconstruction a deductible expense against rental income
I paid 71k hst
can this be considered a rental income expense
As your question is really specific and tax advice related, we suggest you to consult this web link from CRA, where you'll have all the details about eligible expenses for rental income.
You can also contact CRA directly for more specifications.
