Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 18, 2024 7:00:47 AM

Sale of depreciable asset in small business income

I run a small business (sole proprietor) and sold a piece of depreciable equipment. Do I include the income from this sale under my business income on T2125, or is this taken care of under the disposition portion of the CCA calculations? 

 

Thanks!

0 1 859
1 Replies
Moderator
Apr 18, 2024 9:54:05 AM

If you were taking CCA on the item, then you would enter the sale of it as a disposition.