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Reporting T5/NR4 from Questrade
Client received a T5/NR4, photo attached. Im not sure where to enter it as its PAID BY YOU. I also converted the amount to CAD using FX Worksheet US AVERAGE
I'm thinking of entering it in line 22100 - interest expenses on money borrowed to earn income or to purchase an annuity contract.
Will that be the right line to enter it to?
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If you didn't figure it out yet, yes, claim as interest expense on line 22100.