Can I EFile a T1135 based on the estimated foreign rental income and do an adjustment later when actual figures are received?
My long time client is out of the country and has not filed his US rental income tax yet and requesting me to EFile the T1135 (to avoid the $2500 penalty as the deadline is tonight) estimated based on the last few years rental income and if possible an adjustment later. Can I do that? Can the adjustment be done, once the T1135 is Efiled? Do I have to ReFile the T1135 again? I would really like to help him out, as he is like a family. Much appreciated your help in advance.