If you are using TurboTax Online, from 2024 tax return (left menu), click on Incomes // Rental property. If you have a rental property listed, click on Edit // In rental Profile You have the Rental expenses or CCA for non-compliant short-term rental properties.
Before uncheck it, please make sure in the following pages you don't have any information entered for this in pages:
- T776 Rental Income
- T776 Rental Expenses
- T776 - Non-compliant amount of expenses and CCA for short-term rentals
After you confirmed all information related to Non-compliant short-term are removed, go back on Rental Summary, click Edit and uncheck the box.
For your information, this needs to be selected if you’re claiming expenses or CCA for a short-term rental (less than 90 consecutive days) that was not compliant with provincial or municipal rules for any amount of time during the tax year.
Not compliant means that the province or municipality doesn’t allow short-term rentals in your location, or you didn’t have all the required registration, licensing, or permits to operate the short-term rental.
Thank you for choosing TurboTax.
