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New Member
posted Mar 28, 2023 6:58:53 PM

Rental income

The program won’t let me input rental income? It just dings. 

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1 Replies
Level 5
Mar 29, 2023 8:47:23 AM

are you facing any specific errors or issues?  Otherwise, please follow the below steps to outline the process for reporting rental income and expenses on Form T776.

  1. From the menu, select Find, then enter rental in the search bar
  2. Select Rental properties from the list, then Go
  3. Follow the on-screen prompts to complete the applicable information and proceed through your return
  4. You’ll arrive at the Rental Summary screen. Review your information, then select Done With Rental Income
  5. You’ve now claimed your rental income and expenses

For information on what you can claim or not, you can refer to this Canada Revenue Agency (CRA) link:

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

 

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