Hi. Can anyone tell me how to report a loss on the T1135 (Foreign Income Verification Report)? Turbotax gives me an error when I put a negative number into the cell. Thnx
Hi. Can anyone tell me how to report a loss on the T1135 (Foreign Income Verification Report)? Turbotax gives me an error when I put a negative number into the cell. Thnx
Hi. Can anyone tell me how to report a loss on the T1135 (Foreign Income Verification Report)? Turbotax gives me an error when I put a negative number into the cell. Thnx
The purpose of Form T1135 is to identify foreign property and not to calculate taxable income. For a loss you can indicate $0 for income on the T1135.
The income and the gain (loss) on the disposition of each particular specified foreign property have to be reported separately on Form T1135.
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