TP-1086.R.23.12-V: Costs Incurred for Work on an Immovable
During the year, if you paid to renovate, improve, maintain, or repair a property in Québec that you used to run a business or earn income, you’ll need to complete a TP-1086.R.23.12-V form to report these expenses. Your property could be a building, a structure, or land in Québec.
You need to provide information of every person or business you hired to carry out work on your property except:
- An operator of a gas, telecommunications, or electricity distribution network
- A government body or
- You or one of your employees
If you don’t file a TP-1086.R.23.12-V with your tax return, you’ll be fined $200 for every person or business you don’t provide information for. Similarly, anyone who doesn’t provide you with the information you need will be fined $500.
Note: If you paid for the work outlined above, you must file a TP-1086.R.23.12-V even if you aren’t required to file a tax return this year.
Follow these steps in H&R Block’s 2020 tax software:
Before you begin, make sure you told us that you lived in Québec on December 31, 2020.
- On the PREPARE tab, click the OTHER icon. You'll find yourself here:
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Under the OTHER TYPES OF INCOME section, select the checkbox labelled Rental property income (Income and expenses respecting the rental of immovable property) and click Continue.
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On the Rental property income (Income and expenses respecting the rental of immovable property) page, select Yes in response to Do you want to enter information about the companies or persons that have carried out work?.
- When you get to the Costs incurred for work on an immovable section, enter your information into the tax software.
- Under the PREPARE tab, click the IN THIS SECTION icon.
- In the Self-employment income and expenses box, click the Add This Topic button.
- Click the EMPLOYMENT icon. You will find yourself here:
- Under the BUSINESS AND SELF-EMPLOYMENT INCOME section, select the checkbox labelled Business or professional income and expenses (T2125/TP-80-V), and click Continue.
- On the T2125/TP-80-V page, select Yes in response to Do you want to enter information about the companies or persons that have carried out work?.
- When you get to the Costs incurred for work on an immovable section, enter your information into the tax software.