where do you report foreign rental income in Profile?


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Foreign rental income should be reported on T776.  However, if the income is pretty small, maybe you can consider reporting it on the Foreign worksheet as "investment income"

If reporting rental income on T776 and there was foreign taxes paid, you enter foreign rental income and taxes manually on FTC for correct calculation of the Foreign Tax Credit (FTC).

Enter "Foreign Rental Income" in the row titled "Income not linked with this form" in the "Real Property" column in the "Foreign Income" section on the FTC (Foreign Tax Credit Worksheet) in ProFile.

Also, Enter "Foreign Taxes Paid" in the row titled "Income not linked with this form" in the "Real Property" column in the "Foreign Tax Paid" section on the FTC (Foreign Tax Credit Worksheet) in ProFile.

Hope the above helps.

Thank you.
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