CCA ( for any of your rental properties) is allowed to be claimed to the extent of Net income from ALL rental properties on your return. Turbo tax might compute CCA but it should not claim it. Rental loss is allowed when claiming operating expenses , but CCA can reduce you rental income to zero only.
CCA ( for any of your rental properties) is allowed to be claimed to the extent of Net income from ALL rental properties on your return. Turbo tax might compute CCA but it should not claim it. Rental loss is allowed when claiming operating expenses , but CCA can reduce you rental income to zero only.
alex10011
New Member
roger64love-gmai
New Member
pbartko
New Member
dang2024
New Member
nosynootnoot
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.