Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 1:02:03 PM

In 2017 I rented out my house (the only house I own), how do I fill out the part of Capital Cost Allowance in the real estate rentals statement?

0 1 785
1 Replies
Level 11
Oct 30, 2019 1:02:04 PM

In most cases, it's best that you don't claim any CCA. If you do claim a capital cost allowance for the rental, there will be capital gains implications if/when you sell the property.

https://turbotax.intuit.ca/tips/rental-property-faq-common-deductible-expenses-6634