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New Member
posted Feb 21, 2023 7:37:32 AM

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

0 2 112
2 Replies
Moderator
Feb 22, 2023 3:57:37 PM

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.

Level 2
Feb 23, 2023 6:50:56 PM

Thank you for answer @TurboTaxSusan