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    ritondoa
    New Member

    I need Class # to be used for my Statement of Rental proprty.I am using 0% amortization

    I need Class # to be used for my Statement of Rental proprty.I am using 0% amortization

    posted
    ‎October 30, 2019 4:27 PM
    last updated ‎October 30, 2019 4:27 PM
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    TurboTaxHarp
    Level 2
    Level 2

    I need Class # to be used for my Statement of Rental proprty.I am using 0% amortization

    Rental property/building is normally classified under Class 1, which has CCA of 4%. You can list it as Class 1 and override the % to 0. 

    If you need more info on classification, heres the link:

    https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...

    ‎October 30, 2019 4:27 PM
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