My common-law partner and I sold a (single) rental property that we owned, in 2017. On the T776 'Buildings Dispositions' section of Turbo Tax (download edition) I assume I need to put in the details of the property. Can anyone confirm that, and tell me the Class#, what figure to put in proceeds (sale price, or sale price less closing costs and legal fees), and what to put in the Personal field?
The details of your rental property sale are entered in TurboTax under the "Investments Profile". You can get there in the EasyStep view by:
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.
Be sure to check off the boxes shown in the screenshot to access the screens needed.
The details of your rental property sale are entered in TurboTax under the "Investments Profile". You can get there in the EasyStep view by:
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.
Be sure to check off the boxes shown in the screenshot to access the screens needed.