ramarchan
New Member

Filing Canadian return to incorporate sale of US real property

Will be filing the US 1040NR. Can TurboTax be used to also file with CRA to include the details and differing exchange rates and dates of costs, improvements, sale etc ?? If so, is there a specific TurboTax version?? Can the premier handle this??

Troubleshooting

For questions related to incorporated business, please post your question in the Intuit Canada ProFile Tax Community:

 

Get help with ProFile.

 

Thank you

 

ramarchan
New Member

Troubleshooting

Sorry. By incorporate I mean include, and was not meant to infer any relation to a corporation or company.

Troubleshooting

Yes, you can use TurboTax Premier to report the sale of your US property. But please be aware that TurboTax doesn’t convert currency amounts, so you will need to get the exchange rates from the Bank Of Canada website.

 

Starting a return with TurboTax Online is free, so if you end up not filing your return with the software, you are under no obligation to pay.