Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    x_m_z1
    Level 2

    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 ?

    posted
    ‎May 2, 2020 7:39 PM
    last updated ‎May 02, 2020 7:39 PM
    0
    1
    752
    Reply
    1 Best answer

    Accepted Solutions
    TurboTaxSusan
    Moderator
    Moderator

    Can I choose to not depreciate my rental property even I had depreciation in previous year?

    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.

    View solution in original post

    ‎May 3, 2020 2:36 PM
    729
    Reply
    1 Reply
    TurboTaxSusan
    Moderator
    Moderator

    Can I choose to not depreciate my rental property even I had depreciation in previous year?

    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.

    ‎May 3, 2020 2:36 PM
    730
    Reply

    Related Content

    skimmer888
    difan
    seangarrity69
    x_m_z1