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!
01776
1 Replies
TurboTaxSusan
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.