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I have a rental property. For year 2017 I reported 12,000 as Net income from rental (line 21 on form T776) and this amount was reported in form T936, line 19. I paid taxes on this rental income. \ When today I opened my new 2018 year file, I see already CNIL 12,000 carried from last year as Total Federal Net CNIL Income at the end of 2017. Should I enter anything in Total Federal Net CNIL Expenses at the end of 2017 - maybe that tax which I paid on that rental income? If I will sell the property in 2019, should I add this CNIL Income 12,000 to the gain from selling the property (difference between selling price and initial price of the property)? Thanks.
As this is my first year using this software, I am entering data manually. Where do i enter the capital gains deduction available? In other words, if no capital gains deduction has been used, I would enter 375,000.