I made 3 separate purchases for condo's in the same building. One transaction for 2 units, and 2 more transactions for 1 unit each. Do I need to fill out 3 T776 forms?
Also, do I put the purchase information in the "Equipment and other property additions in the year" section or the "Building additions in the year" section?
Thanks!
You can add all the Condos on one rental form. You will report totals of rent and expenses. You will add them as additions to class 1 building additions. Definitely not under equipment.
You can add all the Condos on one rental form. You will report totals of rent and expenses. You will add them as additions to class 1 building additions. Definitely not under equipment.
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