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ab562
New Member

Entering CCA for myself as 50% owner on a new rental property, does it get split with my partner on this tax return as we are partners in this property?

Do we each enter the full CCA separately or as 50% amount? Please advise
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Entering CCA for myself as 50% owner on a new rental property, does it get split with my partner on this tax return as we are partners in this property?

Rental income and operating expenses will be split for you based on  the % of ownership, however you need to enter only your portion in CCA calculation as it is not been split for you by the software. 

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Entering CCA for myself as 50% owner on a new rental property, does it get split with my partner on this tax return as we are partners in this property?

Rental income and operating expenses will be split for you based on  the % of ownership, however you need to enter only your portion in CCA calculation as it is not been split for you by the software.