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Capital gain from US real property (personal use). Foreign tax credit amount was entered into FTC worksheet as foreign tax not linked with this form and it has auto-calculated for 20(12) deduction. Is this right to have 20(12) deduction for US real property sale?  I entered the capital gain on Schedule 3 and FTC form as Income not linked with this form under Non-business foreign income, real property section. I do not think 20(12) deduction is for capital gain from US real property. 

Hi I'm still confused after reading the rules couple of times and hope someone can shed light.- January - October 2020: Renovation period, soft costs, no rental income- November - December 2020: Earning rental income 1) Soft costs January-October 2020 - I can't deduct as current expense due to no net rental income so I have to capitalize.2) Soft costs November-December 2020 - I can deduct as current expense up to net rental income and the rest is capitalized.2) CCA - I can't claim CCA during renovation period.3) Landscaping during renovation period - I can claim it throughout the year. Do I understand correctly?

We have filed 2021 T4 from Profile FX for 5 employers today, and got following error email notices from CRA for 4 of them: We are unable to process your submission because it does not conform to our specifications. We strongly recommend that you validate all submissions with a validating parser before you file. Please validate your file, correct it and then resend your submission. What can I do to resolve this issue? 

I'm noticing issues where if any changes are made to the Schedule 7 while a tax preparer is working on the file, the corresponding amount on the T2 Jacket Box D, in between line 602 and line 604 was not taking the updated amounts from the Schedule 7. Even though nothing was overridden in the first place, I found that I if hit F2 twice, then it refreshed the correct amount. I 100% know that there was nothing overridden in the first place, as this box was never overridden (i.e. no red dot on the box) or even looked at prior to.I noticed a similar situation when I changed something on the info screen, and it's not refreshing, on the T2 Jacket accordingly. Again, nothing was overridden.

Error message when opening / creating 2020 T1 file, 'Field not found: 'ProTaxConstants.T1013CancellKey' Error message when creating new 2021 T1 file,'Method not found: 'ProfileTL.File.IFamilyFileList                               Intuit.Tax.Engine.Module.TGPModule.get_FamilyList0'My Profile version is 2021.2.5 I am absolutely in need of help..

When I carry forward, in Profile, a 2020 T3 to 2021,  50% of these are unsuccessful and  I get the following message - "Catastrophic failure (Exception from HRESULT: Ox800FFFF (E_UNEXPECTED))" My Profile version is "2021.2.5"   HELP!

I need to help my mother who is the legal representative to gain access to my father's online account.  On CRA's site it indicated that I must register for Represent a client prior to sending the documents like copy of death certificate, copy of will, new mailing address of estate.  Can this be send via upload documents under Represent a client or I need to mail in?  I am just hoping to save time. Also if she wants to appoint my brother and myself as authorized representative, what form should be filled in?  Can this be submitted online as well?Thanks.

Has anyone heard of training expenses for a startup small business being denied as they might qualify for capital expenses?  If so, which class would they go under?  Thank you.

With the current update my form T183 now prints on 2 pages - how do I change this so that it only prints on 1 page

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How do I carry forward my 2021 return from Profile to Turbo Tax 2022?

I receive the following message when installing Profile on two of my computers. An error (-5001 : 0x80070002) has occurred while running the setupPlease make sure you have finished any previous setup and close other applications.  If the error still occurs, please contact your vendor: All applications are closed, no pending Windows updates, tried uninstalling the previous version of Profile.  

Looking for firm to efile Quebec corporate tax return in Ottawa , we are located in the westcoast and do not have authorization to file Quebec corporate return . Thanks

PrFont34Bin0BinSub0Frac0Def1Margin0Margin0Jc1Indent1440Lim0Lim1 This line pulls through at the top?  Anyone seen this before and how do I fix it?

My Office utilizes the Form selection option (a 2 click process to printing all of the necessary forms needed for the specific client) I want to include in my package to print the “Label” I have gone to “Options”>”Form Selection” and under “T1 EFile” I have filled in the bullet for print Mailing Label. But when I go to a client file and hit “File”>”Print” the print selection opens but the Label Bullet is white. If in the “Simplified” mode the option disappears. How do I ensure that the bullet is blacked out for every client?ThanksGrant C. Tax'200

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Installed new release and FX not carrying forward employee data from 2020 anymore

Is Profile going to include the forms necessary to complete the province of Ontario's return for corporations.

Have a client who lives in US, made trip to inspect a rental property they own in Canada, would this be deductible on section 216 return?

When I go to esignature, connect - it lets me start signing in and will even send me a code to sign in.  After that I get an "Unable to validate you online credentials" notice.  How do I fix this so I can esignature through Profile?

Hello,Had few questions about Hub ! Appreciate if anyone can answer these, thanks !  Is Hub an efficient tool to use ?Is it cloud based?Does it run without hiccups?

We have used profile for a few years now and have clients that have dependents that can have their own return produced.  Using the taxprep method works but we no longer use taxprep.  For instance, we have a client with children that are in their 20's and have their own lives.  Should we just create a new return using their info or is there a way split the return into individual returns. Dave

Hi there,I have somehow changed all my files to be stored on "onedrive"  Now when I go to look for a file in Profile the directory isnt there.  I can go to my computer and find the file. I need to change it back.  My path for saved files was C:\users\brend\myprofiledata\2019t1\clientnameNow it is C:\users\brend\onedrive\myprofiledata\2019t1\clientnameCan someone help me change it back please.Brenda

My client worked outside Canada and was paid 100K USD for his consulting services - do we report this income on line 130000 or as self employed income on T2125Thanks,Ron

How do I claim UCC for one spouse and not claim for another spouse when both equally own a rental?