Investments & rentals | TurboTax® Support

Investors and rental owners

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Is this capital gains? Not my principal residence, removed my name from title when my daughter married and put her husbands name on?

I never lived in the residence, only my daughter. My name was on title and mortgage joint with her, she paid both monthly mortgage and property taxes. When she married, I had my name removed and her husband's name put on for the monetary amount of $1

For column 3 of Princ Res Worksheet, a moderator in this forum said the questions should be answered yes, no, no, and blank if the property is sold to a third party.

Why is it necessary to answer the questions in column 3 if the sale is by a husband and wife to a third party, since the questions (per the heading) are supposed to be related to a disposition "to your spouse/partner"? If the property was sold to a t... read more

Canadian Citizen based in Luxembourg trying to file first-ever Canadian Tax Return for an Internship I did in Ontario between January 2023-April 2023. How can I get help?

T5013 spousal allocation

I received a T5013 for a joint investment account I have with my spouse. I can't see on the T Slip entry screen where I can allocate 50% of the income amounts to her.

Turbo Tax just changed their pricing structure to one that penalizes my wife by charging us an extra $200 just because I own a property. Now we won't be using Turbo Tax

I own a property. My wife doesn't. For the last two years, we filed jointly using the Full Service plan. This year, they are telling us we have to file as self employed because I own a property, which raises the price by another $200. We asked if we ... read more

Need advice on how to input Form 1042-S Foreign Persons US Source Income subject to Withholding

With a new rental property co-owned with wife, do I add 50% or 100% of purchase price to UCC additions on my return?

I bought a rental with wife last year with my wife and we own it 50/50. I recorded it as "co-ownership" on last year's tax return and added 50% of purchase price to UCC on my tax return, not 100%. The revenue and costs seem to be split properly autom... read more

Do I need to claim my foreign income when living abroad? Do I enter in the foreign currency or change into CAD? Do I enter the exchange rate from CAD to NZD or?

On a working holiday visa living in New Zealand. worked for a couple months in 2023 and wondering if that income needs to be claimed? Which currency to claim? Which exchange rate to use?