Re: TurboTax can be used to prepare a tax return for Non-resi...

I am using turbotax online and when I select non-resident S.216 and save it in my profile, it shows up as "Deemed Resident by Section 216 election".

 

In my tax profile, I only select Rental Income, and then it forces me to purchase the self-employed package. From here I don't see the ability to fill out T1159.

Investors and rental owners

@capitalmindset When you select non-resident S.216 in TurboTax Online, you should get the question "Which option best describes your residency status..." below and you can change whether you are a non-resident or a deemed resident. Once you've finished your return, you'll get the option to download a PDF to mail to the CRA, and that PDF will contain the T1159 return form instead of the regular T1 return.

 


Thank you for choosing TurboTax.

Investors and rental owners

Under "Province/territory" I selected "Non-Resident S.216"

Under "Which option best describes your residency status as of December 31, 2024?", I selected "I was a non-resident of Canada".

Under "Country of residence", I selected "USA"
 
When I click save it shows under "Province of residence", "Deemed Resident by Section 216 election"
 
So does TurboTax not offer you to fill out the T1159 form through the software, and it needs to be done manually?

Investors and rental owners

@capitalmindset 

It says, "Deemed Resident by Section 216 election" because you are a "Deemed Resident" for the purpose of reporting your Section 216 related income.

 

For a resident of Canada, TurboTax Online will go through an interview process and then generate a filled out T1 tax return. But when you are making Section 216 election, you'll get a T1159 instead of a T1. The T1159 is all filled out, you just have to sign it and mail/fax it to the Canada Revenue Agency (CRA).