I'm filing my tax return and inputting my details relating to the rental reimbursement scheme provided by my employer.
Basically what I did is submit my rent expense , lease etc to my employer, who then divided up my paycheque to cover my monthly rent expense.
This might be a stupid question but given this arrangement, is this the correct way to fill in the details?
Under the "Place of Residence Provided by Employer or Associated Corporation":
- In the "Rent paid by ME to landlord", I put the amount (e.g. $100,000) that I paid in rent for the tax year
- In the "Rent refunded to ME by employer or associated corporation" I put the same figure (i.e. $100,000)
That's it right?