ec228
New Member

Are admin/management fees from my financial institution (RBC, Wealthsimple) "investment expenses"?

 

Investors and rental owners

Yes, they are.

GordF
New Member

Investors and rental owners

Agreed, but where do I put them?  I keep getting an Error message about this when i go to file my return.

Thanks for any help in advance.

Investors and rental owners

Are you using TurboTax CD/Download or TurboTax Online?

stevezu
New Member

Investors and rental owners

I am having the same problem with Turbotax downloaded version for 2024

Investors and rental owners

@stevezu f you are looking to report Carrying Charges,

> Click on "Investment Expenses", and you can report them here.

 

If you are looking to report Outlays & Expenses for a security transaction,

> Click on "Investments", then "Capital Gains and Capital Gains Deduction Profile"

> Then check which options you are eligible for.

Make sure to click "Continue" and "Done" once complete to make sure all information is saved.

 

For more information, check out: Canada Revenue Agency - Tax Treatment of Mutual Funds

 

Thank you for choosing TurboTax.