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    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
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    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
    481
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    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
    482
    Reply
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