You should categorize it under Passive Income. After entering information under Rental section, continue to go through the foreign tax credit section to complete the transaction. Here are the steps:
Here are the steps:
- Open up your TurboTax account and select Pick up where you left off
- At the right upper corner, in the search box, type in "foreign tax credit" and Enter
- Select Jump to foreign tax credit
- Follow prompts
If you pay taxes on your rental to both Canadian and US government, the IRS allows you to claim a foreign tax credit on your Form 1040. It will show on Schedule 3 line 1 and line 20 on Form 1040.
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