A taxpayer is employed full-time and owns a rental property.
They pay a fee to have the rental income included in their tax return via the T776.
Is the cost for preparing the T776 an eligible expense to include on the T776 under Professional Fees for that year?
In addition, the taxpayer purchased appliances totaling approximately $4,000. Would it be appropriate to capitalize these items as class 8 assets on the T776?