Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    ykf_2214
    New Member

    Since CCA can not be used to create rental loss, Can CCA be claimed in later years when the rental property earns income?

     
    posted
    ‎October 30, 2019 3:41 AM
    last updated ‎October 30, 2019 3:41 AM
    0
    1
    526
    Reply
    1 Best answer

    Accepted Solutions
    TurboTaxTrevor
    New Member

    Since CCA can not be used to create rental loss, Can CCA be claimed in later years when the rental property earns income?

    In a way yes, The Ending UCC is only reduced by the amount of CCA actually claimed. Therefore, more UCC, the longer it will take for the asset to deplete.

    View solution in original post

    ‎October 30, 2019 3:41 AM
    0
    525
    Reply
    1 Reply
    TurboTaxTrevor
    New Member

    Since CCA can not be used to create rental loss, Can CCA be claimed in later years when the rental property earns income?

    In a way yes, The Ending UCC is only reduced by the amount of CCA actually claimed. Therefore, more UCC, the longer it will take for the asset to deplete.

    ‎October 30, 2019 3:41 AM
    0
    526
    Reply