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TurboTax-AndreaW
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- Posted These are investment fees. Click on the income tab, scro... on Getting started. October 30, 2019 3:41 AM
- Posted This would be considered Self Employment income. You wou... on Self-employed. October 30, 2019 3:28 AM
- Posted Do you have income reported on a T4A? If so in what box n... on Self-employed. October 30, 2019 2:47 AM
- Posted On the T5008 screen the box beside Type of Income has a d... on After you file. October 30, 2019 2:39 AM
- Posted On your Personal Tax Profile choose Yes for Are there oth... on Self-employed. October 30, 2019 2:39 AM
- Posted You will receive a Notice of Assessment from CRA with an... on Printing. October 30, 2019 2:23 AM
- Posted When selling a vacation property you will need the follow... on Investors and rental owners. October 30, 2019 2:22 AM
- Posted There are quite a number of areas of income that can give... on Getting started. October 30, 2019 2:16 AM
- Posted You would only enter the T3 once and indicate the split.... on Self-employed. October 30, 2019 2:11 AM
- Posted In order for the credits to calculate correctly on your d... on After you file. October 30, 2019 2:10 AM
- Posted Click on the Provincial Tab and choose Get Started. Clic... on Investors and rental owners. October 30, 2019 2:09 AM
- Posted It is important to enter both T4s and this is the income... on Getting started. October 30, 2019 2:04 AM
- Posted If you were the only owner of the property the percentage... on Investors and rental owners. October 30, 2019 2:03 AM
October 30, 2019
3:41 AM
These are investment fees. Click on the income tab, scroll down to investment expenses, and choose management fees.
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October 30, 2019
3:28 AM
This would be considered Self Employment income. You would report both the income and expenses in the Self Employment screen. You can use your own name for the business name and do not require a business number.
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October 30, 2019
2:47 AM
Do you have income reported on a T4A? If so in what box number?
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October 30, 2019
2:39 AM
On the T5008 screen the box beside Type of Income has a drop down menu where you choose either Capital Gains or Investment. Make sure it is set to Capital Gains when you enter the information on the T5008.
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October 30, 2019
2:39 AM
On your Personal Tax Profile choose Yes for Are there other deductions such as public transit, union or professional dues or alimony that you want to claim. Check box the says I paid union dues or professional fees. Then under Deductions and Credits under Payment profile you will find Union or Professional Dues. This is where you would enter the Ontario College of Teachers fee amount.
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October 30, 2019
2:23 AM
You will receive a Notice of Assessment from CRA with an overview of your 2016 income tax return. Check with your housing if that is an acceptable alternative.
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October 30, 2019
2:22 AM
When selling a vacation property you will need the following: Proceeds of disposition: How much you sold it for converted to CAD Adjusted Cost Base: How much you bought it for plus any expenses incurred to buy it and any capital expenditures (like and addition) Outlays and Expenses: Such as real estate, legal expenses that you incurred when selling the house. I have included the link below for further information.
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/clc-rprt/djstd...
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October 30, 2019
2:16 AM
There are quite a number of areas of income that can give you an amount under other income. The most common ones are: Home Buyers Plan repayment not made so amount is added to income. Box 26 from a T3 slip Box 105, 42 and 28 on a T4A slip.
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October 30, 2019
2:11 AM
You would only enter the T3 once and indicate the split. If it is 50%, 1/2 of the amount will show up on each return automatically.
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October 30, 2019
2:10 AM
In order for the credits to calculate correctly on your daughter's return you will have to input her husband's income amount. And you are correct, if you input 0 the program will automatically claim him as a dependent.
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