
Amounts from The T776 Statement of Real Estate Rentals not flowing to the T1 jacket in ProFile
by Intuit• Updated 2 weeks 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
- Make sure the amount in the Your % of ownership field is not overridden.
- Check the Type of ownership.
Note: If the property is shared between spouses, Co-ownership/Sole proprietor should be selected.
- Make sure the co-owner and partner details are correct. The co-owner or partner's ownership percentage affects the overall ownership percentage.
- Verify that there are no overrides on the T776 form(s).
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