☰
✕
Sign In

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 29, 2019 10:45:14 PM

Multiple rental properties offset net loss

I have two rental properties, one has a net loss and one has net income. The net loss is greater than the net income. TurboTax automatically nets out the income for me and does not allow me to use CCA to net out the income in the property that has a gain this year. Is this a CRA rule or TurboTax's business rule?


0 2 1720
1 Best answer
New Member
Oct 29, 2019 10:45:15 PM

This is a CRA rule....Turbo Tax is properly restricting your claim for CCA.  For more info please see http://www.cra-arc.gc.ca/tx/bsnss/tpcs/rntl/cca-dpa/mch-eng.html

2 Replies
New Member
Oct 29, 2019 10:45:15 PM

This is a CRA rule....Turbo Tax is properly restricting your claim for CCA.  For more info please see http://www.cra-arc.gc.ca/tx/bsnss/tpcs/rntl/cca-dpa/mch-eng.html

New Member
Oct 29, 2019 10:45:17 PM

Thanks! This is helpful.