Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Find CRA error Netfile information >> HERE!
Close icon
Do you have a TurboTax Online account?

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

Should I claim CCA based on FMV or the price that I bought at?

 
2 Replies

Should I claim CCA based on FMV or the price that I bought at?

If you bought them during the tax year, then you would use the price you paid. If you bought them in a previous year and only started using them this year for business, then you would use FMV.

Should I claim CCA based on FMV or the price that I bought at?

Thank you for answer @TurboTaxSusan 

Unlock tailored help options in your account.