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Level 1
March 26, 2024
Question

20(1)(e) deduction

  • March 26, 2024
  • 1 reply
  • 2 views

where do you put the 20(1)(e) deduction.  taxprep has a 20(1)(e) schedule.   doesnt profile have this

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1 reply

Level 7
March 27, 2024

ITA 20(1)(e) Expenses re: financing go on the business schedule if they are related to business income, on the rental schedule if they are related to rental, or on line 22100 (via the Other Deduction form) if they are not related to either of those (for example, interest charges on a loan that you took out to lend to somebody else at a higher interest rate).