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kpersad91
New Member

T776 - Gross rents for short-term rentals Vs Gross rents for all units Vs Other Related Income

Can you help clarify what each section requires in terms on dollar value.

Let's say I have hired a property management company to manage my condo.

They have given me a statement with all income and expenses for the entire year.

Gross: $10,000
Expense/Management: $3500

Net: $6500

 

What do I put in the three fields:

Gross rents for short-term rentals (line 8140):

Gross rents for all units (line 8141):

Other related income (line 8299):