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New Member
posted Jan 8, 2020 3:52:16 PM

How can I add the new garage to the rental income

1 1 565
1 Replies
Level 13
Jan 23, 2020 8:55:47 AM

To enter it in TurboTax, you will go to the "Income" tab, then "Rental Properties" and start from there. Once you get to the “Current Year Additions & Dispositions” screen and click on “Enter Additions/Disposition Current Year” this will open the screen to start your CCA class.

 

Your Capital Cost Allowance class will be either 1 or 6 – refer to the link provided below from the CRA to determine which one is best for your personal situation:

Furthermore, here is a link answered by TurboTaxKim for clarity.

Footnote: You have indicated that you are using TurboTax Live & Assist – please refer to the link provided below to contact our team of experts if needed: