topic Hi TurboTaxJeffrey, I want to add that the same question... in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hi-turbotaxjeffrey-i-want-to-add-that-the-same-question/01/908022#M2340 Hi TurboTaxJeffrey, I want to add that the same question was asked 6 years ago but apparently it was not answered. Wed, 30 Oct 2019 13:34:20 GMT jeffko 2019-10-30T13:34:20Z How do I claim, as a tax deduction for 2017, interest reported in 2017 with a T5 but not received? This is a BMO form called " Investment Products" IPSRR1 032003. https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-do-i-claim-as-a-tax-deduction-for-2017-interest-reported-in-2017-with-a-t5-but-not-received-this/01/908019#M2337 Wed, 30 Oct 2019 13:34:16 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-do-i-claim-as-a-tax-deduction-for-2017-interest-reported-in-2017-with-a-t5-but-not-received-this/01/908019#M2337 jeffko 2019-10-30T13:34:16Z Why wasn't the interest received?  Presumably you mean yo... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/why-wasn-t-the-interest-received-presumably-you-mean-yo/01/908020#M2338 Why wasn't the interest received?&nbsp;&nbsp;Presumably you mean you have a T5 showing the interest as your own income. Wed, 30 Oct 2019 13:34:18 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/why-wasn-t-the-interest-received-presumably-you-mean-yo/01/908020#M2338 TurboTaxJeffrey 2019-10-30T13:34:18Z The IPSRR1 form explains, I quote: " Due to early redempt... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-ipsrr1-form-explains-i-quote-due-to-early-redempt/01/908021#M2339 The IPSRR1 form explains, I quote: " Due to early redemption, The difference of xx.xx which was reported but not received by you, should be claimed as a tax deduction". And actually, the forms starts with "Over the period of 11-SEP- 2015 to 14-SEP-2017, you received xxx.xx in interest..the Bank was required to report on Forms T5" Wed, 30 Oct 2019 13:34:19 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-ipsrr1-form-explains-i-quote-due-to-early-redempt/01/908021#M2339 jeffko 2019-10-30T13:34:19Z Hi TurboTaxJeffrey, I want to add that the same question... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hi-turbotaxjeffrey-i-want-to-add-that-the-same-question/01/908022#M2340 Hi TurboTaxJeffrey, I want to add that the same question was asked 6 years ago but apparently it was not answered. Wed, 30 Oct 2019 13:34:20 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hi-turbotaxjeffrey-i-want-to-add-that-the-same-question/01/908022#M2340 jeffko 2019-10-30T13:34:20Z I am unfamiliar with the form you mention.  Presumably th... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-am-unfamiliar-with-the-form-you-mention-presumably-th/01/908023#M2341 I am unfamiliar with the form you mention.&nbsp;&nbsp;Presumably the interest is reported in box 13 of a T5.&nbsp;&nbsp;Deductions related to investment income are claimed as carrying charges.&nbsp;&nbsp;Please refer to the following link, and perhaps what you have in your letter from BMO will fit.<BR /><BR /><A rel="nofollow" target="_blank" href="https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-221-carrying-charges-interest-expenses.html">https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-221-carrying-charges-interest-expenses.html</A> Wed, 30 Oct 2019 13:34:22 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-am-unfamiliar-with-the-form-you-mention-presumably-th/01/908023#M2341 TurboTaxJeffrey 2019-10-30T13:34:22Z CRA says this should be reported on line 232 (Added Deduc... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/cra-says-this-should-be-reported-on-line-232-added-deduc/01/908024#M2342 CRA says this should be reported on line 232 (Added Deductions) of my tax return Wed, 30 Oct 2019 13:34:23 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/cra-says-this-should-be-reported-on-line-232-added-deduc/01/908024#M2342 jeffko 2019-10-30T13:34:23Z
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topic Hi TurboTaxJeffrey, I want to add that the same question... in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hi-turbotaxjeffrey-i-want-to-add-that-the-same-question/01/908022#M2340
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Hi TurboTaxJeffrey, I want to add that the same question was asked 6 years ago but apparently it was not answered.
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How do I claim, as a tax deduction for 2017, interest reported in 2017 with a T5 but not received? This is a BMO form called " Investment Products" IPSRR1 032003.
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-do-i-claim-as-a-tax-deduction-for-2017-interest-reported-in-2017-with-a-t5-but-not-received-this/01/908019#M2337
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Why wasn't the interest received?  Presumably you mean yo...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/why-wasn-t-the-interest-received-presumably-you-mean-yo/01/908020#M2338
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Why wasn't the interest received?&nbsp;&nbsp;Presumably you mean you have a T5 showing the interest as your own income.
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<pubDate>Wed, 30 Oct 2019 13:34:18 GMT</pubDate>
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The IPSRR1 form explains, I quote: " Due to early redempt...
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<link>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-ipsrr1-form-explains-i-quote-due-to-early-redempt/01/908021#M2339
</link>
<description>
The IPSRR1 form explains, I quote: " Due to early redemption, The difference of xx.xx which was reported but not received by you, should be claimed as a tax deduction". And actually, the forms starts with "Over the period of 11-SEP- 2015 to 14-SEP-2017, you received xxx.xx in interest..the Bank was required to report on Forms T5"
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<pubDate>Wed, 30 Oct 2019 13:34:19 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-ipsrr1-form-explains-i-quote-due-to-early-redempt/01/908021#M2339
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<dc:creator>jeffko</dc:creator>
<dc:date>2019-10-30T13:34:19Z</dc:date>
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Hi TurboTaxJeffrey, I want to add that the same question...
</title>
<link>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hi-turbotaxjeffrey-i-want-to-add-that-the-same-question/01/908022#M2340
</link>
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Hi TurboTaxJeffrey, I want to add that the same question was asked 6 years ago but apparently it was not answered.
</description>
<pubDate>Wed, 30 Oct 2019 13:34:20 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/hi-turbotaxjeffrey-i-want-to-add-that-the-same-question/01/908022#M2340
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<dc:creator>jeffko</dc:creator>
<dc:date>2019-10-30T13:34:20Z</dc:date>
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<title>
I am unfamiliar with the form you mention.  Presumably th...
</title>
<link>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-am-unfamiliar-with-the-form-you-mention-presumably-th/01/908023#M2341
</link>
<description>
I am unfamiliar with the form you mention.&nbsp;&nbsp;Presumably the interest is reported in box 13 of a T5.&nbsp;&nbsp;Deductions related to investment income are claimed as carrying charges.&nbsp;&nbsp;Please refer to the following link, and perhaps what you have in your letter from BMO will fit.<BR /><BR /><A rel="nofollow" target="_blank" href="https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-221-carrying-charges-interest-expenses.html">https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-221-carrying-charges-interest-expenses.html</A>
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<pubDate>Wed, 30 Oct 2019 13:34:22 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/i-am-unfamiliar-with-the-form-you-mention-presumably-th/01/908023#M2341
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<dc:creator>TurboTaxJeffrey</dc:creator>
<dc:date>2019-10-30T13:34:22Z</dc:date>
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CRA says this should be reported on line 232 (Added Deduc...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/cra-says-this-should-be-reported-on-line-232-added-deduc/01/908024#M2342
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CRA says this should be reported on line 232 (Added Deductions) of my tax return
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<pubDate>Wed, 30 Oct 2019 13:34:23 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/cra-says-this-should-be-reported-on-line-232-added-deduc/01/908024#M2342
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<dc:creator>jeffko</dc:creator>
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