Level 2
Member profile
Hi, I'm Chetan and I joined TurboTax community in 2023. I'm keen on helping others , from finding answers on the community pages or sharing the right contact for the most appropriate answers to questions. I enjoy being able to engage in meaningful conversations and gaining insights. As for me, I'm a tech enthusiast with a love for outdoor sports. I look forward to interacting with you all!
- Replies
- Posts
-
Got it, thanks for clarifying that.Yes, income from rental properties is considered taxable income and needs to be reported.Here’s more information for you:http...
-
Hi there,You will be required to report the proceeds from the sale of your rental home, for the year when it happens, as a gain or a loss.Here's some additional...
-
Hi there,If you're still facing this problem ,here's some additional information for you to navigate through to the right place for RRSP Contribution deductions...
-
Hi there,If you're still wondering about this question, could you please describe your rental property a bit more. CRA (and the TurboTax software) classify the ...
-
Hi there,I'd recommend you to go through the TurboTax Tips in relation to foreign property sales and potential credits to claim.https://turbotax.intuit.ca/tips/...
Activity Feed for ChetC7
- Posted Re: Is there a Itc for a pure income rental home. Nothing owing on the home purchased with the intent of increase in value while making income from the rental on Investors and rental owners. May 1, 2023 2:28 PM
- Posted Re: Is there a Itc for a pure income rental home. Nothing owing on the home purchased with the intent of increase in value while making income from the rental on Investors and rental owners. May 1, 2023 1:38 PM
- Posted Re: RRSP contribution on Filing. May 1, 2023 1:24 PM
- Posted Re: Why is only 50% of my mortgage interest amount I entered in the deduction field showing up in the Alternative Minimum Tax under "CCA and carry charges...etc" on Self-employed. May 1, 2023 12:28 PM
- Cheered Re: Is there a tax credit for upgrading of residential waste water treatment systems , I paid out 10,518.54 for Municipality sanitary sewage works connection fee for GabbyI. May 1, 2023 11:43 AM
- Cheered Re: On my T1135, I entered 19 lines of data into section 7 of Part B but only 5 lines and the grand totals appear on the pdf. Will the CRA be able to see the other 12 lines? for IvvyZ. May 1, 2023 11:35 AM
- Cheered Re: Where do you enter paper and copying costs for my newspaper business? for TaxLadyJessica. May 1, 2023 11:22 AM
- Got Cheered for Re: Where do you enter paper and copying costs for my newspaper business?. May 1, 2023 11:22 AM
- Posted Re: We sold property in US Mar 2022Where do I enter capital gains as it wasn’t our full time residence on Investors and rental owners. May 1, 2023 11:20 AM
- Posted Re: Where do you enter paper and copying costs for my newspaper business? on Self-employed. May 1, 2023 11:13 AM
- Got Cheered for Re: What is result code 30 and how do I fix the issue?. May 1, 2023 10:46 AM
- Posted Re: What is result code 30 and how do I fix the issue? on Getting started. May 1, 2023 10:45 AM
- Posted Re: I accidentally chose yes earlier for Employment Expenses. How do I remove this from my return? It says I am not eligible for it so it may mess up my return, thank you. on After you file. May 1, 2023 10:26 AM