Hi

ProFile has the S7Rental worksheet to adjust the passive income on s7. So, enter the income and expenses as usual on s125 to report the taxable income. Then complete S7Rental. The S7Rental will then post to schedule 7 to adjust for this passive income. The result can then be seen on the T2 jacket, line 400. if there is now other income, the small business deduction will be zero after these entries.