Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 11:44:19 AM

I have rental income from 2 properties and they're split 50/50 with my brother. How do I enter 50% of the CCA (line 9936) and the total CCA in column 9 of Area A ?

To ensure I have the right UCC for next year I need to depreciate the full amount in column 9 of the Area A table.  As a 50% owner I only input 50% of the CCA on line 9936.  The software suggested I needed to override the CCA calculation for column 9 of the Area A table (4% of the previous year's value) to reduce the amount that will be inputted on line 9936. I did that and now my UCC at the end of the year is overstated.  How do I change line 9936 to 50% of the UCC and keep the full UCC in column 9 of the Area A table? 

0 5 1554
5 Replies
Level 7
Oct 30, 2019 11:44:21 AM

Line 9936 is the full 100% of the cca. The 50% split on income happens at line below that. (line 18 on Form T776)

No need to override anything. 

New Member
Oct 30, 2019 11:44:22 AM

As co-owners the income split happens at line 9 above.

Level 7
Oct 30, 2019 11:44:23 AM

Ok I see where your problem is. Just enter half the UCC for each owner.

New Member
Oct 30, 2019 11:44:25 AM

Do you know how I can enter half the amount on line 9936 and keep the full amount in the Area A table?

Level 7
Oct 30, 2019 11:44:26 AM

You don't. You need to split it in area A.