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New Member
posted Oct 31, 2019 2:31:06 AM

I started using my truck for work in 2018 and want to claim CCA under employment expenses. However, I purchased the truck in 2017. What do I use for acquisition cost?

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1 Replies
Level 15
Oct 31, 2019 2:31:07 AM

You will need to "add" your truck using the Fair Market Value (FMV) on the day you started using it for employment purposes.