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gtbruce
New Member

carrying costs

First year I am seeing carrying cost listed in return summary - not sure why?  With interest rate much higher this year than 2022 my interest costs doubled from $35K to $70K on the mortgages I have taken out to have rental properties.  Last year 2022 not carrying cost listed in the return - this year about $15K split between my wife and I (co-owners of the rental properties).  Is turbo tax doing this calculation on its own or it is because of something that I have done.  Can I remove it somehow.  Will it flag something with the CRA?

 

Thanks

 

Todd

3 Replies

carrying costs

Are you using TurboTax CD/Download or TurboTax Online?

gtbruce
New Member

carrying costs

Turbotax Online

carrying costs

In order to help you with this situation, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help resolve the issue. To contact them, please follow this link: Contact Us. When asked if you wish to receive an email say NO then say "speak to a representative" then hold the line. 

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