Mexican Condo income
A client owns a Mexican condo that they're claiming rental income on. Profile will not accept the Mexican address of the unit on the T776. This will prevent efiling. How do we get around this?
A client owns a Mexican condo that they're claiming rental income on. Profile will not accept the Mexican address of the unit on the T776. This will prevent efiling. How do we get around this?
What I do for my clients that have US rental properties is to put the foreign city and state in the "City" field of the T776, put the province as BC (or whichever province they are in) and the clients own postal code. I have done this ever since I started using Profile instead of TaxPrep. I believe I read it somewhere in a help screen for either Profile or e-filing, I do not recall. If you have foreign tax credits to claim on the foreign rental income, you use the "FTC" screen and manually enter the real property income and foreign tax in the fields provided for "income not linked with this form".
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