Questions around the use of property that is rented to others.

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Can you combine multiple rental incomes and expenses for tax purposes in Canada?

I have been reporting my rental properties income and expenses separately using tax filling program called GenuTax. It's rather time involved, to simplify things I am wondering if it is possible to ...
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52 views

Book keeping setup for real property depreciation

I have a rental property. I'd like to set up my books such that: the cost basis depreciable value of the house is reflected in an account, the annual depreciation is recorded sensibly, the initial ...
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39 views

Guidelines on when to buy or rent an apartment (in Europe)

I am currently facing an important decision for my life: I finished studies and will soon enter industry to work. Due to the fact that I will likely earn some money on a regular basis, I want to ...
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72 views

Schedule E: What “Type of Property” do I use when renting out a room?

If I rent 1 out of 4 bedrooms in my house, then 25% is rental and 75% is personal. In filling out Schedule E, I use my house address in Line 1a. Line 1B is for "Type of Property". How do I ...
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26 views

Cost basis of personal home converted to rental

I am helping with a situation where a home was converted from a personal home to a rental. It is owned by a woman and her husband. She got it from her ex-husband in a divorce. He got it from his ...
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115 views

rental dispute between tenant and landlord

I am a tenant in a single home. My former landlord sold the property. My rent was $1300 monthly. The new landlord wants me to enter a lease agreement to pay first, last and $1500 monthly. The ...
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83 views

Refinance one rental to invest in another?

researching all the implications: Smart to refi rental property? Want to reduce my income tax paid (possibly?) on positive cash flow and use $100k as down payment on my retirement home(7 years to ...
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131 views

Should I claim my rental property was not rented at fair rental value?

So for all of last year my ex-girlfriend rented out my upstairs apartment. When we first broke up she talked me into giving her a discounted rent since she was only going to stay "for a couple ...