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Rental income transfer to spouse. rental income

#1 User is offline   dojcin2000 Icon

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Posted 29 January 2012 - 07:59 PM

I have rental property and in the title are boss name: my wife and mine. By now I use to put income of this property on my tax return. My wife lost a job. Could I now put the rental income of the property on her tax return?
Thanks everybody for reply.

Bob
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#2 User is offline   JoanTax Icon

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Posted 29 January 2012 - 09:30 PM

View Postdojcin2000, on 29 January 2012 - 11:59 AM, said:

I have rental property and in the title are boss name: my wife and mine. By now I use to put income of this property on my tax return. My wife lost a job. Could I now put the rental income of the property on her tax return?
Thanks everybody for reply.

Bob


You appear to have accidentally posted your question on the Profile software forum. Please follow the links to the Turbotax forum.
(Always take care in following posted "tax advice", though, which is often wrong, and sometimes illegal).

However, if you want my opinion, you should have your professional Accountant review for you not only this years tax information, but also check the past year's tax information. You seem to be trying to do it improperly both now and in the past.
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#3 User is offline   Tim Parris Icon

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Posted 30 January 2012 - 02:06 AM

Here is a link to the TurboTax forums https://turbotax.com...botaxonline.ca/

Here is a link to IT511 http://www.cra-arc.g...11r/README.html

If you feel that you are in the correct forum, you should be able to read and understand IT511. If not, the TurboTax forums would be a better place to ask your question.
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