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capzeis
New Member

How do I claim rental expenses through ACB to reduce capital gains?

 
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TurboTaxTatsiana1
New Member

How do I claim rental expenses through ACB to reduce capital gains?

To reduce your future capital gains you can increase your ACB  only with capital expenditures . Typically capital expenditures are renovations and improvements done that increase value of the property. You may not add operating expenses ( mortgage interest, [property taxes , utilities...) to ACB.

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