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posted Oct 30, 2019 8:09:26 PM

Why cant I enter the amount of disposition of a rental property

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1 Replies
Level 15
Oct 30, 2019 8:09:28 PM

The details of your rental property sale are entered in TurboTax under the "Investments Profile". You can get there in the EasyStep view by:

  • Go to Income & Expenses > Investments Profile > check the top box "Capital Gains or Losses"
  • Continue to the Capital Gains Profile page, check the top box "Sold stocks, bonds, real estate or other capital property", continue
  • Check the box "Sold real estate & depreciable property" and continue to the page where you will be asked for these entries. 

Details regarding the sale of your rental property also need to be entered in your "Rental Profile" and will only affect you if you have claimed CCA on the building (Class 1) will you need to complete that section on the T776 Rental schedule.

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4036/rental-income...