Investments & rentals | TurboTax® Support

Investors and rental owners

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Can someone please help me fill out the section to claim your rent paid. The page doesn't make sense and I can't find any other place to show what to put in properly.

What does roll number mean?Where do I put the amount I've paid for the year.

I have a T5013 that has two numbers for the foreign dividend (number 135) to fill in -one BMU and one American; not sure how to put two in when there is only room for one

What's the detailed calculation used in TurboTax to derive "Foreign tax deduction under subsection 20(11)" which is listed under Other Deductions- line 23200?

U.S. Canada tax treaty - Tax on Interest

Article XI says that "Interest arising in a Contracting State and beneficially owned by aresident of the other Contracting State may be taxed only in that other State. " So, for a U.S. citizen living in Canada, is interest earned in the U.S. taxed on... read more

Selling rental property - Splitting the Capital gain

My spouse and I sold a rental property (owned by both of us).Do I enter the full value of the Proceeds of disposition, Adjusted cost base, & Outlays and Expenses under each one of us return?Or, shall I split (50/50) the Proceeds of disposition, Adjus... read more

If my t5008 has been successfully imported, do I need to fill out the capital gains dispositions?

My marital status changed for this tax return however my spouse was not a permanent resident and was not working in Canada. Do I claim no income for her?

Selling rental property - Capital gain calculation

I have two questions about calculating capital gain for the selling of rental property: 1. I paid CMHC mortgage loan insurance when I bought the property (10 years ago), but did not expense it. Can I include the CMHC mortgage loan insurance as part o... read more