How to record my rental income?

If you are in simple view:

  1. On the left side, click "Interview Setup".
  2. On the right side, tick the box "Self-employment / rental income" then click Next to save it.
  3. On the left side, click "Self-employment / rental income"(this link will appear after step 2).
  4. On the right side, select "Rental income" as Business Type, then click "Add New Business" button.
self employment

If you are in expert view

  1. On the left side, click "Self-employment / rental income" under "Income not Showing on T-Slips".
  2. On the right side, select "Business Type", then click "Add New Business" button.
self employment

You need to go through a few pages to fill in your rental income and expenses, the software will generate form T776 for you based on your numbers.


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