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New Member
posted Oct 30, 2019 12:21:08 PM

I bought some new appliances before I sold my rental property. Should I put the cost to "Other expenses" , "CCA", or "Total Outlays and Expenses " ?

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New Member
Oct 30, 2019 12:21:09 PM

Enter the appliances as new additions to Class 8 in the CCA section of the T776. Then if you designated a value in the purchase agreement for these assets use that value as the disposition amount. If no value was given the use a value of $1.00. This will result in a terminal loss for the appliances.