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    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
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    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.

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    ‎October 30, 2019 3:41 AM
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    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
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    529
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