- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Filing
If you are entering it as an addition for this year, you need to enter the value of the property as is it is for this year, not from when you bought it.
You can also go back to the year you bought it and adjust your return for that year to add the property at the original price. If you choose not to take depreciation for that year (or the years in between) then you can just put the end UCC balance from the 1st year as your starting balance for this year.
March 27, 2023
10:51 AM