- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
What CCA class is a new furnace installed into a rental property?
Topics:
April 17, 2020
12:22 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
When you install a new furnace in a Rental Property, it is added to Class 1 - to the building itself as it is a part that makes up the building.
Please see the following links for further clarification:
TurboTax Tip - Rental Property Expenses: Current or Capital?
April 27, 2020
4:54 PM