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.

cancel
Showing results for 
Search instead for 
Did you mean: 

What happens when you check off bought/sold equipment vs CCA claim?

Question is regarding rental property. I purchased new window coverings and washer/dryer. Just want to understand these two ticky boxes
1 Reply

What happens when you check off bought/sold equipment vs CCA claim?

Bought/Sold equipment is part of CCA. If you buy an asset, you would enter it as an addition to whatever CCA class it belongs to. That addition would now be used in your CCA calculations. 

 

When you sell an item, that removes it from your CCA claim in future years.