I am using turbo tax standard. Can I enter foreign rental income?

Forum|Forum|2 years ago
February 29, 2024
1 reply
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entered rental income for T776. but Can't enter foreign rental income

TurboTaxBrenda

Community Manager

Please note- to enter foreign rental income: For Foreign Rental Property enter your Canadian home postal code for the Postal Code for the property and your home province for the Province. In the Address for the property, fill out as much of the property's address as will fit, including the equivalent of the postal code (such as a ZIP code for US addresses). Note that the CRA's NETFILE/EFILE servers will accept only the first 30 characters of the address.

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powerrotc-gmail-Author

Thank you for your response.
Rental income was entered in the rental income section for T776 then I moved to ‘Foreign tax credits’. There is no item for ‘real property income’ only shows like this ‘investment/pension income’, ‘investment income of real property, ‘foreign employee income’, ‘other foreign non business income’

I need to enter foreign rental income and foreign tax paid.

TurboTaxBrenda

Community Manager

You will enter your foreign rental income the same place as you did your Canadian just using the information I gave you above. As for your foreign tax paid- you will go to the top left and click on "FIND" type in foreign tax paid and GO- there you will be able to enter the information required.