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posted May 1, 2023 8:20:19 AM

In the tax yr. '22, I had sold property in U.S. Where -- on turboTax/Canada return -- would I input that info? In other words, scroll to where on Canad. return?

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1 Replies
Level 2
May 1, 2023 8:54:08 AM

Hello,

 

If this was a real state property (rental), you would need to enter this on the S3 schedule. To do that, please follow these steps:

 

1- Log in to TurboTax Online and open your tax return

2- Click on Income on the left hand side navigator. A submenu will open.

3- Click on Investments. A submenu will open

4- Click on Capital Gains and Capital Gains deduction Profile

5- You will be taken to a page titled "Your Capital Gains Profile for 2022"

6- Please select the first option "Sold stocks, crypto, bonds, real estate, other capital property, or sold qualified small business corporation shares and/or qualified farm property and you have a capital gain or loss to report"

 

Follow the steps to enter the sale of your property.