Where is CCA/UCC I have claimed added into when filling Capital Gains; Proceeds of Disposition OR ACB?Additionally, is ACB the cost of property when originally purchased?
Where is CCA/UCC I have claimed added into when filling Capital Gains; Proceeds of Disposition OR ACB?Additionally, is ACB the cost of property when originally purchased?
Did you claim the deemed disposition in 2015 when you first started claiming CCA? Since you are no longer renting the property, are you trying to change the use to a principal residence from an income property?
Where is CCA/UCC I have claimed added into when filling Capital Gains; Proceeds of Disposition OR ACB?Additionally, is ACB the cost of property when originally purchased?
We bought the property in 2015 and started renting a month in. So on 2015 return we claimed CCA and rental income. I was not aware I had to claim home purchase. Yes, it has been a full principal residence since December 1, 2016.
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