File the return as nil and check the box for the last year of business. If you have any assets that were used to claim CCA, you will need to show them as disposed of at
File the return as nil and check the box for the last year of business. If you have any assets that were used to claim CCA, you will need to show them as disposed of at
I have a similar question for my wife who also had a daycare.
Trying to figure out what to do with remaining assets & CCA. Nothing was sold & FMV is probably less than the current capital cost. Do I just enter FMV as equal to remaining capital cost?
What would happen if FMV was greater than Capital Cost? Would turbotax show a recapture somewhere?
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