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February 15, 2025
Question

Trouble entering rental income and claiming as sole owner

  • February 15, 2025
  • 2 replies
  • 0 views

I am a sole owner of the rental condo 

but after I enter all the expenses, turbo tax seemed to more than double the rental income received 

    2 replies

    February 15, 2025

    Can you please specify which TurboTax version you are using? Is it TurboTax Online or Desktop?

     

    Thank you for choosing TurboTax.

    ffonglimAuthor
    February 15, 2025

    Hi I am using desktop version 

     

    is hst on preconstruction a deductible expense against rental income 

     

    I paid 71k hst 

    can this be considered a rental income expense 

    February 15, 2025

    As your question is really specific and tax advice related, we suggest you to consult this web link from CRA, where you'll have all the details about eligible expenses for rental income.

     

    You can also contact CRA directly for more specifications.