In the tax yr. '22, I had sold property in U.S. Where -- on turboTax/Canada return -- would I input that info? In other words, scroll to where on Canad. return?
In the tax yr. '22, I had sold property in U.S. Where -- on turboTax/Canada return -- would I input that info? In other words, scroll to where on Canad. return?
If this was a real state property (rental), you would need to enter this on the S3 schedule. To do that, please follow these steps:
1- Log in to TurboTax Online and open your tax return
2- Click on Income on the left hand side navigator. A submenu will open.
3- Click on Investments. A submenu will open
4- Click on Capital Gains and Capital Gains deduction Profile
5- You will be taken to a page titled "Your Capital Gains Profile for 2022"
6- Please select the first option "Sold stocks, crypto, bonds, real estate, other capital property, or sold qualified small business corporation shares and/or qualified farm property and you have a capital gain or loss to report"
Follow the steps to enter the sale of your property.
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