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Rental expense family
My dad manages our rental property during the year when needed. I pay him lump sum amount for the year. How do I show that as expense since I don’t give him a T4 and we are not incorporated? He shows the money we give him as “other” income on his taxes.
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October 30, 2019
6:33 AM
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Investors and rental owners
You can show it as a management and admin expense, and/or a maintenance expense.
October 30, 2019
6:33 AM