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Where can I claim rental losses??


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I rent a business shop to a self employed individual.  Due to Covid the tenant was not able to pay rent for part of the 2020.

Can I claim the loss of rental income?  if so, how do I do that within the program?


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Hello Dee.

Go to the Interview tab, then down to "Interview setup".  Then over on the right look for the section "Rental income". Tick the box and continue. Locate the rental schedule and fill in the data.

Yes you can claim the rental loss. Income from rental is based on when you receive the income and when you pay the expense. So you report only the income when its received not when it was due.

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