I own a corporation. My wife and I are the sole shareholders. We use our private home for the reception and office of the corporation. (Calculated 23% of the home is used for the corporation). The corporation pays us $600/month. So we've got $7,200 in rental income for 2019.**
At the same time, we have expenses, like: insurance, repairs, utilities, property taxes, mortgage interest, etc. Totaling: $25,000**
So....
1) Where do I enter the $7,200 in income for my personal taxes?
2) Where do I enter these $25,000 in expenses?
Note: I am NOT filing as a small business owner. I am filing as an employee of the corporation. FYI: I do NOT have a GST number for me personally. When I was entering about Rental Income, it was asked for GST number. So.... I'm thinking I'm not doing this right....
**Not the real numbers. Just an example
