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We purchased a rental property and have been paying interest as well and have purchased appliances as well have spent on other utilities.
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January 11, 2020
6:48 PM
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Investors and rental owners
Congratulations!
Please review the links provided below to assist you with income and expenses incurred as a co-owner of a rental property, as well as how to enter these amounts in TurboTax.
TurboTax Blogs & FAQ below:
- Owning a Rental Property With a Spouse (says spouse but still relates to co-ownership)
- Rental Property Expenses: Current or Capital?
- Rental Property FAQ: Common Deductible Expenses
- How do I enter my rental income and expenses in TurboTax?
And from the CRA:
Footnote: You have indicated that you are using TurboTax Live Review & Assist – please refer to the link provided below to contact our team of experts if needed:
January 24, 2020
7:40 AM