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How do I enter a Machine, Class 8 CCA that we bought and sold in the same year?
January 12, 2022
1:31 PM
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Self-employed
You would enter it as both a purchase and as an item sold. If this machine cost $1,000 or more, you can enter it in its own separate class 8.
Class 8 is subject to the half-year rule, so, along with the fact that you sold the machine, you may not see a significant amount for the CCA claim.
January 14, 2022
6:38 AM