topic Do I have to prorate CCA on my 4 coffee vending machines if only one machine is placed in an office making money or can I deduct all CCA for 4 machines? Thank you. in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-have-to-prorate-cca-on-my-4-coffee-vending-machines-if-only-one-machine-is-placed-in-an-office/01/874332#M25 Wed, 30 Oct 2019 00:06:48 GMT Isabelle-Corleone 2019-10-30T00:06:48Z Do I have to prorate CCA on my 4 coffee vending machines if only one machine is placed in an office making money or can I deduct all CCA for 4 machines? Thank you. https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-have-to-prorate-cca-on-my-4-coffee-vending-machines-if-only-one-machine-is-placed-in-an-office/01/874332#M25 Wed, 30 Oct 2019 00:06:48 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-have-to-prorate-cca-on-my-4-coffee-vending-machines-if-only-one-machine-is-placed-in-an-office/01/874332#M25 Isabelle-Corleone 2019-10-30T00:06:48Z You only have to prorate CCA on equipment bought for a bu... https://turbotax.community.intuit.ca/community/self-employed/discussion/you-only-have-to-prorate-cca-on-equipment-bought-for-a-bu/01/874333#M26 <P>You only have to prorate CCA on equipment bought for a business/self-employment if the equipment is not used 100% for business. So if the intent of the purchase of the machines is to use entirely for business (at some point even if not being used yet by the business) then you can claim the entire CCA. If any portion is for personal use then you must deduct the personal portion.</P> Wed, 30 Oct 2019 00:06:50 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/you-only-have-to-prorate-cca-on-equipment-bought-for-a-bu/01/874333#M26 TaxHelp5 2019-10-30T00:06:50Z Thanks for the explanation which was very clear. https://turbotax.community.intuit.ca/community/self-employed/discussion/thanks-for-the-explanation-which-was-very-clear/01/874334#M27 Thanks for the explanation which was very clear. Wed, 30 Oct 2019 00:06:51 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/thanks-for-the-explanation-which-was-very-clear/01/874334#M27 Isabelle-Corleone 2019-10-30T00:06:51Z
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topic Do I have to prorate CCA on my 4 coffee vending machines if only one machine is placed in an office making money or can I deduct all CCA for 4 machines? Thank you. in Self-employed
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Do I have to prorate CCA on my 4 coffee vending machines if only one machine is placed in an office making money or can I deduct all CCA for 4 machines? Thank you.
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https://turbotax.community.intuit.ca/community/self-employed/discussion/do-i-have-to-prorate-cca-on-my-4-coffee-vending-machines-if-only-one-machine-is-placed-in-an-office/01/874332#M25
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You only have to prorate CCA on equipment bought for a bu...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/you-only-have-to-prorate-cca-on-equipment-bought-for-a-bu/01/874333#M26
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<P>You only have to prorate CCA on equipment bought for a business/self-employment if the equipment is not used 100% for business. So if the intent of the purchase of the machines is to use entirely for business (at some point even if not being used yet by the business) then you can claim the entire CCA. If any portion is for personal use then you must deduct the personal portion.</P>
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<title>Thanks for the explanation which was very clear.</title>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/thanks-for-the-explanation-which-was-very-clear/01/874334#M27
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<description>Thanks for the explanation which was very clear.</description>
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