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Amounts from The T776 Statement of Real Estate Rentals not flowing to the T1 jacket

SOLVED•by Intuit•Updated 1 year ago

If amounts from the T776 are not flowing to the T1 jacket, this could be due to incomplete or incorrect information on the T776.

Resolution

  1. Make sure the amount in the Your % of ownership field is not overridden.
  2. Check the Type of ownership.

Note: If the property is shared between spouses, Co-ownership/Sole proprietor should be selected.

3. Make sure that Details of Other co-owners and partners is filled in correctly. Once the Percentage of ownership is filled out for the co-owner(s) or partner(s), this will affect the percent of ownership at the top of the form.

4. Verify that there are no overrides on the T776 form(s).

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