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Interest paid on a mortgage for a rental property. Do i claim this under carrying charges and investment expenses or in the rental property expense section?
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You would enter your interest paid on your mortgage for your rental property under rental property expenses.
- You will log into your return
- On the left-hand side menu go to Income- scroll down to Rental properties.
- When you get to your Rental Profile - check off the box that says "Rental Expenses".
- Continue
- Now you will be on the T776 Rental Expense page where you will see the third line is interest- please enter the amount here.
- Continue
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