Question
T776 - Gross rents for short-term rentals Vs Gross rents for all units Vs Other Related Income
Can you help clarify what each section requires in terms on dollar value.
Let's say I have hired a property management company to manage my condo.
They have given me a statement with all income and expenses for the entire year.
Gross: $10,000
Expense/Management: $3500
Net: $6500
What do I put in the three fields:
Gross rents for short-term rentals (line 8140):
Gross rents for all units (line 8141):
Other related income (line 8299):
