gtbruce
New Member

carrying costs

First year I am seeing carrying cost listed in return summary - not sure why?  With interest rate much higher this year than 2022 my interest costs doubled from $35K to $70K on the mortgages I have taken out to have rental properties.  Last year 2022 not carrying cost listed in the return - this year about $15K split between my wife and I (co-owners of the rental properties).  Is turbo tax doing this calculation on its own or it is because of something that I have done.  Can I remove it somehow.  Will it flag something with the CRA?

 

Thanks

 

Todd