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 2024 tax software:
Before you begin, make sure you told us that you lived in Québec on December 31, 2024.
- On the left navigation menu, under the Credits & deductions tab, click Other.
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Under the OTHER TYPES OF INCOME heading, 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.
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On the left navigation menu, under the Credits & deductions tab, click Tax Topics.
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Select the Self-employment income & expenses checkbox.
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At the bottom of the page, click Add selected topics to my return.
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Click the Employment tab on the left navigation menu.
- Under the BUSINESS AND SELF-EMPLOYMENT INCOME heading, 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.