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New Member
posted Apr 18, 2022 2:19:20 PM

Where do I enter capital cost allowances in my 2020 refile return?

The rental I have wasn't acquired in 2020 but that is when it changed from our primary residence to a rental.

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1 Replies
Level 4
Apr 20, 2022 10:10:05 AM

To enter capital cost allowances you should follow the steps given below: -
  • First of all, Click on "Find" (Magnifying Glass) on your tax file in TurboTax Online
  • Type "Rental", and click on "GO"
  • Select "YES", and fill out all details on the page named "Real Estate Rentals Statement"
  • Click on "Continue". Then, on the next page select "Calculation of CCA Claim"
  • Select "Continue", and on this page enter all details about the Capital Cost Allowance of Your rental properties
  • Eventually, click on "Continue" to save all details entered.

For more information on Capital Cost Allowance of rental properties visit this page of the Canada Revenue Agency: - Capital cost allowance (CCA) for rental property

 

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