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posted Apr 16, 2022 5:30:05 PM

Form T776

Form T776 - Statement of Real Estate Rentals

The  net rental income (loss) is no appropriately split between the co-owners and the full amount appears on line 126000 of the T1 General form.  The only way to get the right spilt is to designate the rental as a partnership.  This does not appear appropriate. 

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