Jump to content
Français
Search In
  • More options...
Find results that contain...
Find results in...

Search the Community

Showing results for tags 'rental property'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Ufile Test
  • UFile General
    • General
    • Feedback and suggestions
  • UFile Online
    • NETFILE and filing
    • Getting started
    • Technical questions
    • Prior years
    • Getting Started
    • Technical questions
    • User name and password
    • Importing data
    • Printing and saving your tax return
    • Electronic filing (NETFILE)
  • UFile for Windows
    • Installation and update
    • NETFILE and filing
    • Technical questions
    • Prior years
    • Buying UFile for Windows
    • Standard VS Plus
    • Installation
    • Updates
    • Importing data
    • Electronic filing (NETFILE)
  • UFile PRO
    • What is UFile PRO?
    • Buying UFile PRO
    • Electronic filing (EFILE)
  • UFile T2
    • Technical questions
    • Prior years
    • Getting Started
    • Importing Data
    • Electronic Filing
  • Tax questions
    • Reporting income
    • Credits and deductions
    • Setting up your tax file
    • Reporting income
    • Deductions
    • Provincial credits and returns
    • Prior years

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


AIM


MSN


Website URL


ICQ


Yahoo


Jabber


Skype


Location


Interests

Found 9 results

  1. i just sold my rental property where do I enter the details on my tax documents. All my regular yearly information is already filled in making of the "Last year of operation" button. i just can't seem to find where to input the proceeds from sale, legal and realtor expenses. can anyone help please
  2. Hello - in 2005 I purchased a condo. I lived there until 2010. I then began to rent this condo (I moved elsewhere). I sold this condo in 2018. How can I claim the sale of this condo in 2018 but pay only the capital gains associated with the period during which it was not my primary residence (late 2010 through late 2018)?
  3. During the sale of a rental property some expenses such as sales commissions, legal fees, and bank fees are generally incurred. While I have seen some documentation suggesting that these can be applied against the selling price to reduce the capital gains, I am curious whether the option to instead apply them against the annual income from the property also exists? These were, after all, expenses incurred as a result of running the rental property business. I am only looking for information on whether there is a strict requirement to apply these costs against either the sales price or again
  4. When entering rental property income (T776), the software has a page "Rental Property Income and Expenses". There is a line to enter expenses "maintenance and repairs (related to the rental units)". However, in QC, you need to fill out the form TP-1086 which is generated from the UFile software by using the line "Labour Costs". I have an invoice from a contractor for work performed (current expense). Do I enter it only on the line "labour costs" or do I need to also enter as an expense "maintenance and repairs (related to the rental units)"? Optionally, should I enter the full inv
  5. Hi, My husband and i SOLD our rental property in April 2017. It had been his primary residence since he bought it in 1993, until we rented it in 2013. We had a bank assessment done in 2013. My questions is: - In the "Real estate, depreciable property, and other properties" on the "Real estate, depreciable property, and other properties" line, do we list the 2013 assessment value, or the ACB value + capital costs over the years? I believe it is the Assessment value (value when it became a rental unit) but I can't find info for sure. Thank you
  6. I just started renting out a house last year and wonder about claiming the following: 1. Internet: we provide internet service for the renters. Utility? Other? 2. Light bulbs, batteries for smoke detector, etc. Maintenance and repair? 3. I know I can't claim my own labour but can I claim the materials I use to repair or maintain eg. paint, tape for painting, brushes? anything consumed in the job? 4. There is a deduction for gardening. Can I claim the fertilizer? Leaf bags? You can tell I'm new to this.
  7. Hi, I rent out a house and last year I had an issue with my former tenants. Long story short they still owe $2,000 for rent. I have taken them to court this year and won but have yet to collect the rent. So my question is how do I handle this on my 2014 taxes? Do I just not claim the income but still claim the expenses incurred for that month or is there a way to actually claim a loss of income? Related to this, when I go to file my 2015 taxes, if I have been able to recover some or all of this from them, how do I go about claiming that? Thanks in advance.
  8. I have a tricky question regarding tax reporting of rental properties. I'll lay out the situation and then post my questions. Husband and wife live in Property #1. Property #1 has a basement suite that is rented our. Only the husband is on title. In June 2012 we moved to a new house (Property #2) but kept Property #1 and began renting out the upstairs as well as the basement In November of 2012, wife was put on title of Property #1 (still isn't on the title of Property #2). My questions: 1.) How do I enter this into uFile? Do I create separate rental properties all with the same address, an
  9. Having trouble locating where I put down that the rental property was a principle residence...form t2091 doesn't exist. Is there somewhere on the capital gains form to make that designation? Thanks
×
×
  • Create New...