Investment property
Question:
On taxes; how does the software handle capital gains on other property. I have added a property, that is not my principle residence, but I do not see any related taxes n the year of disposition.
Answer:
1. Select in 'Other Assets' the percentage that will be used as a source of retirement income
2. In 'Sources of Income', select 'Other Property' as a source of retirement income.
If you use 100%, the tax should show in the year of disposition. If you select less than 100%, a proportionate tax is allocated to non-registered investments and sown in 'Accumulations', and the remainder is accounted for in the last column called 'Other Assets'.
On taxes; how does the software handle capital gains on other property. I have added a property, that is not my principle residence, but I do not see any related taxes n the year of disposition.
Answer:
1. Select in 'Other Assets' the percentage that will be used as a source of retirement income
2. In 'Sources of Income', select 'Other Property' as a source of retirement income.
If you use 100%, the tax should show in the year of disposition. If you select less than 100%, a proportionate tax is allocated to non-registered investments and sown in 'Accumulations', and the remainder is accounted for in the last column called 'Other Assets'.
posted by Apeiron Software at
4:38 PM
<< Home