Can I choose to not depreciate my rental property even I had depreciation in previous year?
I have a rental property and reported depreciation in 2018. Now I do not want to depreciate it in 2019, can I ?
01769
1 Best answer
TurboTaxSusan
Moderator
May 3, 2020 2:36:50 PM
Yes, you can. Taking CCA is optional, and you can choose to take part of it or none of it for the year. Unused amounts will just stay in your UCC balance.
1 Replies
TurboTaxSusan
Moderator
May 3, 2020 2:36:50 PM
Yes, you can. Taking CCA is optional, and you can choose to take part of it or none of it for the year. Unused amounts will just stay in your UCC balance.