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Level 2
April 24, 2022
Question

Rental property

  • April 24, 2022
  • 2 replies
  • 21 views

I purchased a rental property in 2021 and didn't have any rental income till early 2022.  Can I still claim the rental expenses in T776 form to reduce my other sources of income?

Do I have to report the purchase of the property if I'm not going to have the CCA claim ?

 

Thanks

    2 replies

    VolvoGirl
    Level 15
    April 24, 2022

    Is this for a Canada return?  This is the USA forum.

    Here is the Canada forum  

    https://turbotax.community.intuit.ca/tax-help

    Level 2
    April 24, 2022

    Yes, it is for Canada return. 

    Thanks